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522 Madison St

New Orleans, LA 70116
  • $2,350,000
  • STATUS: Active
  • ON SITE: 120 Days
  • ID#: 2023018012
UPDATED: 199 min ago
$2,350,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,260
    SQFT
  • $324
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:

Description

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, youll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you dont already have an account, you can create one for free.***

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© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Darren James & Associates brokered by LPT Realty. Data last updated: 2024-02-28T23:32:16.693. Licensed in the State of Louisiana, USA. Darren James & Associates brokered by LPT Realty || (225)335-7666 || Denham Springs, LA
www.agent225.com/homes/144872846
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522 Madison St New Orleans, LA 70116

  • Price: $2,350,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 199 min ago
  • ID#: 2023018012
0
Beds
0
Baths
0
½ Baths
0.06
Acres
7,260
SQFT
$324
$/SQFT
Neighborhood:
Vieux Carre
County:
Orleans
Area:
Oth Mls Area 95 (Other)
School District:
Orleans Parish
Property Description
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, youll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you dont already have an account, you can create one for free.***
Exterior Features

Lot Dimensions 40x65

Property Features

Approximate Age Other See Remarks Association Fee NONE Lot Number 3 Property Type Apt Complex (5+ Units)

Greater Baton Rouge Association of Realtors logo Listing provided courtesy of Elifin Realty: 800-895-9329 .© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.


© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Darren James & Associates brokered by LPT Realty. Data last updated: 2024-02-28T23:32:16.693. Licensed in the State of Louisiana, USA. Darren James & Associates brokered by LPT Realty || (225)335-7666 || Denham Springs, LA
 
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Darren James & Associates brokered by LPT Realty
1211 N. Range Ave., Suite D
Denham Springs LA, 70726