1400 GOVERNOR NICHOLLS Street, New Orleans, LA 70116 (MLS# NO2532374)

Remarks & Misc

Remarks

Great opportunity for buyers looking to avoid Standard financing. Bond for deed terms are as follows: Only 15% down payment. Financing terms include a 6% interest rate for Years 1-3, followed by a 7% interest rate for Years 4-5. Rare and highly enticing opportunity to own a corner stucco 6-plex in the heart of Historic Treme--one of New Orleans' most vibrant and culturally rich neighborhoods. This income-producing property features separate water and electric meters and currently generates $6,702 per month, with projected rents exceeding $8,000 at full occupancy. If you are investors seeking strong cash flow or owner-occupants wanting to live in one unit while the others offset expenses. Enjoy a charming gated shared courtyard and an unbeatable location just one block from Esplanade Avenue and only steps from the French Quarter. Walk to iconic historic shops, renowned neighborhood restaurants, local bars and pubs, coffee houses, and the very best tours and attractions the Quarter has to offer. Seller is offering creative financing for up to 5 years with negotiable terms--an exceptional chance to own a prime New Orleans asset and elevate your investment portfolio. Measurements are approximate and should be verified by purchaser and/or purchasers agent. Seller requires all buyers to view property prior to submitting an offer!

Office/Member/Contract Info

List AOR

NOMAR

Siding

Stucco

Yes

Parking

No Parking

Yes

Construction

Brick

Yes

Foundation

Slab

Yes

Roof

Composition

Yes

Heating

Central

Yes

Cooling

Central Air

Yes

Financing

Lease Purchase

Yes

Owner Finance

Yes

Tenant Pays

Electric

Yes

Water

Yes

Property Features