Listing Courtesy of: Michael Wilkinson - FQR Realtors 504-949-5400
$3,575,000 affordable loan icon Calculate Payment

824 ROYAL Street New Orleans, LA 70116

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Mixed Use Residence
10 Beds
11 Baths
Sq. Ft.
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Last updated on 9/25/2024 6:20 AM

Listing Details

Premium Commercial/Residential property centrally located on one of the best blocks of Royal Street in the French Quarter. New Orleans culture has never been more alive at any other property! Walking distance to St. Louis Cathedral, Jackson Square & the French Market--making this a high-demand area ...for all investors in search of a classic income producing property that stays steadily, fully occupied. Annual Rental Income ~$225,600/year across all units ($18,800/month). With excellent street visibility for the commercial space opening onto Royal Street, this property is sure to pique interest in the bustling foot traffic of this area of the Quarter. Current tenant of commercial space has been there for many years. Property offers one, 1st floor commercial space + 8 residential units total (studios, 1BR & 2BR units). 3-story front house includes commercial on 1st floor level. gorgeous & spacious 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on the 3rd floor. Back house includes two 1BR/1BATH units and four studio/1BATH units. Both houses surrouding a large, lush courtyard area with indoor and outdoor stair access to units. Carriage way entry area can easily be converted into parking for 3+ cars with curb cut out already in place. First time on the market in over 70 years! Don’t miss your chance to own a piece of rare history in the New Orleans French Quarter. Continue reading
MLS#
2436039
Property Type
Mixed Use
Bedrooms
10
Bathrooms
10 Full/1 Half
Year Built
2011
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Listing Courtesy of: Michael Wilkinson - FQR Realtors 504-949-5400
Andrea Conner, License BROK.995692987-ACT, Xome Inc., License BROK.0995686178-CORP, AndreaD.Conner @xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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