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$1,400,000   Price Analysis
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1722 Esplanade Ave
New Orleans, LA 70116
12 bed 11 bath 7,092 SqFt ($197/SqFt)
6,720SqFt lot. Built 1900
Listed 2024-06-12, Taxes $9,921
Ⓧ USDA Ineligible
due to price & location

near New Orleans

1722 Esplanade Avenue is a 10-unit historic building on the famous Esplanade Avenue in the vibrant Treme/Lafitte neighborhood

Blocks away from the French Quarter. This property is ready for a developer to bring it back to its full potential and create a large proft in doing so. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit and one (1) 2 bedroom 2 bathroom unit. The units feature charming hardwood flooring, balconies, a fenced yard and high ceilings.

The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217, 762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2, 315, 000. With the low cost basis and renovation budget, this will allow for a decent size prof it for the developer of the project.


Presented by Mason W Mccullough at
Bridgewater Realty Advisors, LLC.


Property MLS #2453397 from NewOrleans

Bedrooms: 12

Total Bathrooms: 11 / 0
Full Bathrooms: 11

Cooling Features: Ductless Wall Unit
Heating Features: Ductless Wall Unit

Balcony

Lot Description: Regular
Lot Size Acres: 0.15427
Lot Size Dimensions: 6720
Lot Size Square Feet: 6720

Source Listing Status: Active
County: Orleans
Source Property Type: Multi-Family
Source Neighborhood: Treme-Lafitte
Parcel Number: 208105508
Property Subtype: Apartment Complex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$54,140 + $13,440
$67,580
$9,921
2022$47,640 + $13,440
$61,080
$8,594
2021$49,810 + $13,440
$63,250
$9,104
2020$54,140 + $13,440
$67,580
$9,824
2019$35,780 + $10,080
$45,860
$6,928
2018$35,780 + $10,080
$45,860
$7,066
2017$35,780 + $10,080
$45,860
$6,746
2016$35,780 + $10,080
$45,860
$6,960
2015$8,280 + $6,720
$15,000
$2,230
2014$29,280 + $6,720
$36,000
$5,355
2013$29,280 + $6,720
$36,000
$5,337
2012$29,280 + $6,720
$36,000
$5,294
2011$29,280 + $6,720
$36,000
$5,312
2009$29,280 + $6,720
$36,000
$4,683
2005$unknown + $unknown
$38,220
$5,703

Listed 2024-06-12
$1,400,000
NewOrleans
Sold 2014-10-31
$0
Public Record
Sold 1997-04-23
$0
Public Record

Total Square Feet Living: 7092
Year Built: 1900
Building Exterior Type: Wood Siding
Foundation Details: Slab
Property Age: 124
Roof: Shingle
Levels or Stories: 3.00000
House Style: Victorian

Gas: Gas Type: Natural
Sewer: City
Water Source: Public

Lusher Charter School is a public elementary, middle and high school located approximately 3.6 miles away.
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St. Peter Claver School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.