1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
43
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$375,000
Est. payment /mo
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10 Beds
4 Baths
5,040 SqFt
Active Under Contract

1415-17 ALVAR ST New Orleans, LA 70117

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Sam Schulz

Sam Schulz

+1(985) 503-2741

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $74

MLS Listing ID 2521758

Bedrooms 10

Full Baths 4

Construction Status Very Good Condition

HOA Y/N No

Year Built 1942

Lot Size 4,761 Sqft

Acres 0.1093

Property Sub-Type Quadruplex

Property Description

Large 5040 sq ft building in a great location. The two upstairs units have gorgeous hardwood floors, fine craftsmanship, and have been exceptionally maintained. There's a development opportunity to renovate the downstairs into separate units, which already have plumbing, electric, and multiple points of entry. This will turn this two unit building into a 4 unit CASH COW. 3 year old roof, preferred flood zone X.

HANO payment standards give up to $1419/m per 2-bedroom unit, or $1813/m per 3-bedroom unit, which may be possible downstairs. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Exterior Feature Balcony, Fence, Porch

Parking Features Garage, Off Street, Three or more Spaces

Pool None

Water Access Desc Public

Roof Type Shingle

Porch Balcony, Porch

Building

Lot Description City Lot, Oversized Lot

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 39W310004

Special Listing Condition None

Virtual Tour https://youtu.be/HPfnn-HHsuc?feature=shared

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by REVE, REALTORS

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1415-17 ALVAR ST