1722 ESPLANADE Avenue, New Orleans LA, 70116

Active

1722 ESPLANADE Avenue

New Orleans LA, 70116

$1,400,000

$197.41 per sqft

Active

12 Beds

11 Baths

7,092 sqft

Condos

Built in 1900

Courtesy of Mason McCullough with Bridgewater Realty Advisors, LLC

1722 Esplanade Avenue is a 10-unit historic building on the famous Esplanade Avenue in the vibrant Treme/Lafitte neighborhood, just 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 profit 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 beautiful 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 profit for the developer of the project.

2453397

MLSⓇ ID

June 12, 2024

Listed

October 11, 2024

Updated

Map

1722 ESPLANADE Avenue
New Orleans LA, 70116

Interior Features

Total Stories: 3
Bedrooms: 12
Total Bathrooms: 11
Full Bathrooms: 11
Fireplace: No
Cooling: Yes
Cooling Description: Ductless, Wall Unit(s)
Heating: Yes
Heating Description: Ductless, Wall Furnace

Exterior/Building Features

Exterior Features: Balcony
Lot Features: City Lot, Rectangular Lot
Architectual Style: Victorian
Roof: Shingle
Sewer: Public Sewer

Other Property Details

Days on Market: 62
Garage: No
Parking: None
View: No
County: Orleans
Water Source: Public
Pool: No

Listing Contact: (504) 298-8631

Based on information from the Gulf South Real Estate Information Network as of 10/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.