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$ 889,000
Est. payment /mo
Listed By Rêve
Active
1411 TERPSICHORE ST New Orleans, LA 70130
7 Beds
8 Baths
4,990 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,990 sqft
Price per Sqft $178
MLS Listing ID 2578980
Style Other
Bedrooms 7
Full Baths 6
Half Baths 2
HOA Y/N No
Year Built 1850
Lot Dimensions 36 x 128
Property Sub-Type Quadruplex
Source ROAM MLS
Land Area 4990
Property Description
Fully leased at $7,650 a month ($91,800 a year, a 9.7 gross rent multiple), this circa-1850 Greek Revival 4-plex anchors the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Step inside & the pedigree shows: soaring ceilings, heart-pine floors, exposed beams, cypress millwork, original transom windows & elegant medallions overhead. Four townhome-style residences — two 1,500 sq ft 2BR/1.5BA, a 1,073 sq ft 1BR/2BA & a 995 sq ft 2BR/2BA — each with a private entrance, outdoor space & in-unit laundry, totaling 4,990 sq ft & seven bedrooms. Two already have new kitchens with quartz counters, contemporary cabinetry & ss appliances; the other two leave value-add upside on the table. Relax in the rear courtyard, a quiet retreat tucked behind the building & a draw for long-term tenants. Separate electric meters, a 36 x 128 lot & Flood Zone X, a real edge on insurance in this market. Owner-occupants, take note: live in one of the 1,500 sq ft homes & let the other three cover $5,250 of the monthly payment. Ask for the full lease schedule & a lender-quoted buydown scenario. Magazine Street dining & shopping are a short walk, with Tulane & Loyola a quick ride uptown. Proven cash flow with a Lower Garden District address — ready when you are.
Location
State LA
County Orleans
Interior
Cooling Central Air, Wall Unit(s), Window Unit(s)
Fireplace No
Laundry In Unit, Electric Dryer Hookup
Exterior
Parking Features None
Utilities Available Natural Gas Not Available
Garage No
Building
Lot Description Other
Foundation Raised
Water Public
Architectural Style Other
New Construction No
Others
Tax ID 101105512
Virtual Tour https://www.propertypanorama.com/instaview/roam/2578980
Listed by REVE, REALTORS
Schools Near
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