518/524 Governor Nicholls
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518/524 Governor Nicholls
2 Multifamily Properties Offered at $1,990,000 in New Orleans, LA
Investment Highlights
- quantifies for historical building tax credit.
- state tax up to 25% and federal tax credit up to 20 %
- great property for 1031 exchange.
Executive Summary
SVN Urban Properties, in partnership with Cody Stringer with Reve Realtors, presents a redevelopment opportunity to acquire two apartment buildings, with compelling tax credit potential (***Part 1 of the tax credits is approved for both buildings***), located at 518 and 524 Governor Nicholls in the French Quarter of New Orleans.
**Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings**
**Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings**
Property Facts
| Price | $1,990,000 | Number of Properties | 2 |
| Price / SF | $231.02 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,614 SF |
| Status | Active | Total Land Area | 0.11 AC |
| Price | $1,990,000 |
| Price / SF | $231.02 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,614 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 524 Governor Nicholls St, New Orleans, LA 70116 | Multifamily | 4,687 SF | 1900 | - |
| 518 Governor Nicholls St, New Orleans, LA 70116 | Multifamily | 3,927 SF | 1900 | - |
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518/524 Governor Nicholls
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