518/524 Governor Nicholls
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518/524 Governor Nicholls
2 Residential Properties Offered at £1,558,767 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 | £1,558,767 | Number of Properties | 2 |
Price / SF | £180.96 / SF | Individually For Sale | 0 |
Sale Type | Investment | Total Building Size | 8,614 SF |
Status | Active | Total Land Area | 0.11 AC |
Price | £1,558,767 |
Price / SF | £180.96 / 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 | Residential | 4,687 SF | 1900 | - |
518 Governor Nicholls St, New Orleans, LA 70116 | Residential | 3,927 SF | 1900 | - |
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518/524 Governor Nicholls
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