824 ROYAL Street

New Orleans, LA

Property Type: Multifamily
8,283 sqft

$3,300,000

Details
Location

Remarks

Premium Commercial/Multi-Family property centrally located on one of the best blocks of Royal Street in the New Orleans French Quarter where the culture has never been more alive! 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 occupied. Annual Rental Income is roughly $223,200 across all units. 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.