518 GOVERNOR NICHOLLS ST
NEW ORLEANS, LA 70116
$1,000,000
3 Beds
5 Baths
4,207 Sq Ft
Status Active Under Contract
MLS# 2448128
This 150+ year old building is a phenomenal Historic Tax Credit Opportunity. Priced BELOW the recently appraised value & situated in an excellent French Quarter Location! Architectural drawings & Part 1 of the historic tax credits have already been completed. Further Details: - All VCC violations have been remedied. - Exterior has been repaired. - Beautiful architectural details throughout. - Part 1 of the tax credits have been approved. - Full construction estimate completed for complete renovation (available upon request). - Full set of architectural drawings completed. **Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings (25% State & 20% Federal)**,
Details for 518 GOVERNOR NICHOLLS ST
Built in 1852
$238 / Sq Ft
0 parking spaces
None
None
28 Days on website
0.11 acres lot