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824 Royal Street

New Orleans, LA 70116
  • $3,575,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 2436039
$3,575,000
  • 10
    BEDS
  • N/A
    ACRES
  • 10
    BATHS
  • 1
    1/2 BATHS
  • 8,283
    SQFT
  • $432
    $/SQFT
Type:
Multi-Family
Built:
1814
County:

School Ratings & Info

Description

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! Dont miss your chance to own a piece of rare history in the New Orleans French Quarter.

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Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-05-26T22:34:49.197.
www.keatyrealestate.com/homes/148027568
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824 Royal Street New Orleans, LA 70116

  • Price: $3,575,000
  • Status: Active
  • On Site: 89 Days
  • MLS #: 2436039
10
Beds
10
Baths
1
½ Baths
N/A
Acres
8,283
SQFT
$432
$/SQFT
1814
Built
County:
Orleans
Property Description
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! Dont miss your chance to own a piece of rare history in the New Orleans French Quarter.
Exterior Features

Construction Materials BrickConcrete Exterior Features BalconyCourtyardFence Foundation Details Slab Lot Features City LotRectangular Lot Lot Size Dimensions 42X127 Parking Features AttachedCoveredThree or more Spaces Patio And Porch Features Balcony Pool Features None Roof Slate

Interior Features

Cooling Central AirDuctlessWall Unit(s) Heating CentralDuctlessWall Furnace Heating YN Yes

Property Features

Architectural Style Creole Cooling YN Yes Levels Three Or More Owner Pays Water Property Condition Very Good Condition Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions None Structure Type Townhouse Tenant Pays ElectricityGas Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Michael Wilkinson of FQR Realtors: (504) 949-5400.



Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-05-26T22:34:49.197.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503