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401-403 Elmira Avenue, New Orleans, LA 70114

$424,900

Multi-Family|4 Beds|4 Full Baths

3,840 SqFt|MLS# 2159845

List Price
$424,900
List Date
06/26/2018
Original List Price
$449,999 (-5.58%)
Status
Active
Type
Multi-Family
Bedrooms
4
Full Bathrooms
4
Half Bathrooms
1
Living Square Feet
3,840 SqFt
Number of Units
3
MLS#
2159845

Description

***BUYERS' FINANCING FELL THROUGH! THEIR LOSS IS YOUR GAIN! BACK ON THE MARKET!*** EXTRAORDINARY OPPORTUNITY for INCOME PRODUCING TRI-PLEX in HISTORIC and CHARMING ALGIERS POINT! Three updated units, pulling in $3,600/month! Owned (not leased) SOLAR PANELS make electricity bills next to nothing! BEAUTIFUL ORIGINAL WOODWORK THROUGHOUT! Tons of natural light! TREMENDOUS MULTI-CAR GARAGE with SPRAY FOAM! Private courtyard space! X-Flood Zone! OPPORTUNITY KNOCKS!

Location

Neighborhood
Algiers Point
Parish
Orleans

Details

General Information

Stories
2
Approximate Age
118
Approximate Age Description
Resale

Parking
• Three or More
• Garage
• Off Street Parking
Style
• Victorian

Other Features

Waterfront
0
Sold with Waiver of Redhibition
Yes
Green Certification
No

Financial Information

Bond for Deed
No
Foreclosure
No
Lease Purchase
No
Owner May Finance
No

Utilities

Electric
Entergy
Electric Paid By
Tenant
Gas
Natural
Gas Paid By
Tenant
Water
Public
Water Paid By
Owner
Sewer
City
Meter Set Up
Other

Heating
• Central
Air Conditioning Type
• Central

Exterior

Lot Size
32 X120

Building Exterior
• Siding
• Wood Siding
Exterior Features
• Balcony
• Courtyard
• Fence
• Security Cameras
Foundation
• Slab
Lot Description
• Corner
• Regular
Roof
• Asphalt

Interior

Elevator
No
Measurements Approximate
Yes

Listing Courtesy of LATTER & BLUM INC/REALTORS

Bounding Streets

Pacific, Belleville, Alix, Eliza


Map and Points of Interest

Select a Point of Interest and Radius from the form above.

Algiers Point

Beauty in aesthetics and historical significance can be found all around in the fantastic neighborhood of Algiers Point. It is a local and National Register Historic District on the "Westbank" of New Orleans, across the Mississippi River from and linked to the French Quarter and Central Business District by the Algiers-Canal Street Ferry. Although it is separated from "Eastbank" of New Orleans by the river, it is nonetheless an integral part of the city and within the boundaries of Orleans Parish. 

Late 19th Century architecture is plentiful, and many homes for sale in Algiers Point include intriguing homes built in the Victorian and Italian-Age styles, as well as newer properties. There are an abundance of hospitals nearby, such as West Jefferson Medical Center. Exploring this beautiful neighborhood will open up a world of entertainment. The public parks are great for sunny day recreation and family fun. 

The Algiers Point Association looks after quality of life in the neighborhood and sponsors an annual home tour of Algiers Point real estate in October. The springtime counterpart to the tour is the Old Algiers RiverFest, which draws thousands to the Westbank of the river to sample New Orleans food, music, and crafts. For those interested in learning more about the region's history, a walking tour of the French Quarter will prove very informative. Other things to do include area zoos and aquariums and a number of museums. 

School Information

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**Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

***Assessments are monthly fees such as Home Owners Association(HOA) Fees etc...

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

MLS Data Courtesy of Gulf South Real Estate Information Network. Copyright 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site. By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, you may not use this site in any way. Your continued use of this site, and/or its affiliate' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.

Open House

Sunday
December 16
1:00pm - 2:00pm

Presented By

GARDNER, REALTORS

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