Thank you
Mathew Laborde
Elifin Realty
225-659-8650
Built in 1827, This is one of the five buildings with entresol levels constructed for Louis McCarthy and designed by the French Architect, Louis H. Pilie. Adjoined to the rear of the Lower Pontalba, often cited as the oldest apartment buildings in the country, 522 Madison is located at the center of the Historical French Quarter and just a few minutes’ walk to St. Louis Cathedral, Cafe Du Monde and numerous restaurants, bars, and museums. Located in the National Register District of the French Quarter, 522 Madison is eligible for National Registry Status. 522 Madison is an excellent opportunity for re-development utilizing State and Federal Historic Tax Credits or condominium conversion. Consisting of 10 1bd/1ba units, elevator, and laundry room, spread across two buildings that are separated by a common area courtyard; three (3) of the leases are currently month to month. The property also features a penthouse on the top level with exceptional rooftop views of the Mississippi River, the New Orleans skyline, and the vibrant French Quarter. Currently vacant, it is ready to be used as the new owner's personal retreat or as a unique draw for a potential tenant. Rents are currently below market creating an excellent opportunity for immediate value-add. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***
Sell a home like this and save $140,501 Find Out How
Total Sq Ft: 7,260
Lot Dimensions: 40x65
Lot Size: 0.06
Lot#: 3
Main Square Feet: 7,260
Property Age: Other See Remarks
Total SQ ft: 7,260
Type: Apt Complex (5+ Units)
Area: OTH MLS Area 95 (Other)
Subdivision: Vieux Carre
City: New Orleans
County: ORLEANS
State: LA
Zip: 70116
Property Status: Active
List Price: $2,350,000
ListingId: 2023018012
School District: Orleans Parish
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1225 Bourbon Street #E, New Orleans, LA,70116 | $670,000 | 2 | 2 | 1,422 | -- |
1829 Frenchmen Street, New Orleans, LA,70116 | $189,900 | 3 | 2 | 2,160 | 0.2018 Acre |
519 Madison Street, New Orleans, LA,70116 | $1,435,000 | 5 | 4 | 3,360 | -- |
821 Governor Nicholls S.., New Orleans, LA,70116 | $1,499,000 | 5 | 3 | 3,080 | 0.0926 Acre |
821 Governor Nicholls S.., New Orleans, LA,70116 | $1,499,000 | 5 | 3 | 3,080 | 0.0926 Acre |
908 10 Esplanade Avenue, New Orleans, LA,70116 | $1,888,000 | 13 | 12 | 9,238 | -- |
908 Esplanade Avenue, New Orleans, LA,70116 | $1,888,000 | 13 | 12 | 9,238 | -- |
1818 Ursulines Avenue, New Orleans, LA,70116 | $649,000 | 4 | 4 | 2,505 | -- |
604 Esplanade Avenue #104, New Orleans, LA,70116 | $550,000 | 2 | 2 | 1,348 | -- |
924 Orleans Avenue, New Orleans, LA,70116 | $1,950,000 | 5 | 4 | 4,800 | -- |
All listings featuring the "Greater Baton Rouge - Louisiana" as the source are provided by "Greater Baton Rouge - Louisiana".This information is not verified for authenticity or accuracy and is not guaranteed.
ByOwner last updated this listing 04/27/2024 @ 03:41
MLS: 2023018012
LISTED BY: Mathew Laborde, Elifin Realty
SOURCE: GBRAR IDX Vendor Agreement Greater
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.