720 Port Street

Description

Rare opportunity this 1850 Creole Cottage in the Marigny. 4 unit multifamily. This is not a novice project as it will take time, the finances, vision and creativity. In the National Registry of Historic Places per Louisiana Division of Preservation with eligibility of Federal tax credits and Faubourg Marigny Historic District-St. Claude Corridor tax credits to be verified by the buyer. Beautiful treed garden/courtyard filled with citrus trees separates the front 2 units from the back 2 units at rear of property. The garden enhances privacy for all living spaces. Transform the front two units into a gracious single residence and rent out the back two units. Prime location in the 700 block of Port St. If your dream is to have an historic Marigny home with rental income, this is your vision/dream come true. Original floors, 12 foot ceilings, many original cypress doors, clawfoot tubs in front duplex. Four separate electric meters and one water meter. Seller has lived in 720A since purchasing the property 27 years ago as well as having a writing/guest apartment in 722B. This opportunity should not be missed. Anticipated to sell quickly as this is truly a rare and historic jewel. New sewer and water lines to all 4 units at great expense to Seller has been done. This property is sold in as is condition. Pre listing inspection Gurtler Bros Consulting a home inspection and engineering firm available to pre qualified buyers. Main sewer line connection from property to the main street SWB connection to be escrowed and paid out of Seller's proceeds at time of closing. The property cannot be moved into until the main sewer line to street is connected.