1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
1415-17 ALVAR ST, New Orleans, LA 70117
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GL Realty Group LLC

GL Realty Group LLC

+1(985) 308-1460
Listed byREVE, REALTORS • Zachary L Russell • 504-300-0700
$ 375,000
Est. payment | /mo

10 Beds

4 Baths

5,040 SqFt

Save
$ 375,000
Est. payment | /mo
Save

10 Beds

4 Baths

5,040 SqFt

Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $74

MLS Listing ID 2579862

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1942

Lot Size 4,761 Sqft

Acres 0.11

Lot Dimensions 40x119

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 5040

Property Description

Extremely well built 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, electrical, 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

Area 0.11

Direction Turn left from St Claude, or right from N Robertson

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 3.0

Utilities Available Natural Gas Available

Total Parking Spaces 3

Garage Yes

Building

Foundation Raised

Water Public

New Construction No

Others

Tax ID 39W310004

ROAM MLS

NEARBY SCHOOLS & PROPERTIES

GL Realty Group LLC
GL Realty Group LLC

Broker, REALTOR® License ID: 0995692370

+1(985) 308-1460 | glrealtygroup@gmail.com

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1415-17 ALVAR ST