1117-19 Bourbon St, New Orleans, LA 70116
- $1,299,000
- 7
- BD
- 3,753
- SqFt
- List Price
- $1,299,000
- MLS#
- 2568855
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Creole, French Provincial
- Stories
- 2
- Bedrooms
- 7
- Living Area
- 3,753
- Parish
- Orleans
Property Description
Rare investment opportunity to own an impeccably preserved piece of New Orleans history with massive financial versatility. Located in the quiet, coveted residential section of the vibrant French Quarter, this remarkable 6-unit multifamily property traces its origins back to 1718. As a testament to its enduring structural legacy, the estate famously survived both the Great New Orleans Fire of 1788 and 1794. The striking exterior boasts a highly coveted, architecturally significant Green rating with the Vieux Carré Commission, signifying its prime historical value. While the façade celebrates centuries of heritage, the interior offers absolute modern luxury. The building was completely gutted to the studs and meticulously renovate in 2016, outfitting every unit with designer finishes, premium quartz countertops, rich hardwood flooring, and modern appliances. Providing maximum tenant comfort, every single apartment features a full-sized kitchen and a private laundry. Beyond the private residences lies an enchanting outdoor sanctuary. Tenants enjoy access to a large shared brick courtyard, manicured landscaping and a tranquil water fountain. It serves as the ultimate French Quarter escape to relax, entertain, and take in the city's breathtaking evening sunsets painted in peach and lilac Endless Value-Add & Exit Strategies. This unique property caters to multiple high-yield real estate strategies: The Premier Owner-Occupant: Live luxuriously in the second-floor loft with its private balcony, while five separate streams of high-end passive rental income completely offset your expenses. The Condo-Conversion Play: With high tenant demand for premium finished units, the building presents an exceptional opportunity to split the asset into individual luxury condominiums for an immediate, highly profitable exit strategy. The Long-Term Portfolio Anchor: As a turnkey, low-maintenance asset generating premium market rents in a globally recognized historic destination. .
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Additional Information
- Exterior Features
- Balcony, Courtyard, Fence
- Roof
- Slate
- Sewer
- Public Sewer
- Water
- Public
- Pool Description
- None
- Heating
- Central, Ductless, Wall Furnace
- Cooling
- Central Air, Ductless, Wall Units
Mortgage Calculator
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