$544,000
$569,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
520 OPELOUSAS AVE New Orleans, LA 70114
4 Beds
3 Baths
2,990 SqFt
Key Details
Sold Price $544,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,990 sqft
Price per Sqft $181
MLS Listing ID 2418943
Sold Date 05/15/24
Style Traditional,Historic/Antique
Bedrooms 4
Full Baths 3
Construction Status Updated/Remodeled,Very Good Condition,Resale
HOA Y/N No
Year Built 1918
Lot Size 1700.000 Acres
Acres 1700.0
Property Description
Unique investment opportunity nestled beneath the sprawling oak trees of picturesque Algiers Point! This versatile triplex boasts a longstanding history of success as a commercial short-term rental, offering three well-appointed, sun-drenched units. Soaring ceilings in the studio (would make a great commercial space) and an artistic, industrial aesthetic captures a unique charm that sets the tone for the entire property. Upstairs is a 1 bed/1 bath sanctuary with a bedroom looking out at the oaks and funky painted wood floors. The back of the property features a 2 bed/1 bath townhouse style layout featuring charming hardwood floors. A separate entrance leads to a spacious laundry room and storage area, completing the functionality of this triplex. These apartments have been thoughtfully curated and exude a positive, creative energy, making them suitable for owner occupancy, long-term rentals, short-term stays, or a combination of commercial space and rentals. Recent upgrades include a new roof installed in 2022 and individual mini-split systems in each unit. HU-MU Zoning and potential opportunity to acquire the commercial STR business associated with this property. Don't miss your chance to own this exceptional triplex in Algiers Point, a gem with boundless potential and undeniable charm.
Location
State LA
County Orleans
Interior
Heating Ductless, Wall Furnace
Cooling Ductless, Wall Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Parking Features None
Pool None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional, Historic/Antique
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Very Good Condition,Resale
Others
Tax ID 520-OPELOUSASAV
Security Features Closed Circuit Camera(s)
Financing Private
Special Listing Condition None
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Bought with REVE, REALTORS