1201 B St Philip St, New Orleans, LA 70116
- $249,000
- 3
- BD
- 1,964
- SqFt
- List Price
- $249,000
- MLS#
- 2571978
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Traditional
- Stories
- 3
- Bedrooms
- 3
- Living Area
- 1,964
- Parish
- Orleans
Property Description
FEDERAL & STATE HISTORIC TAX CREDITS MAY BE AVAILABLE! Qualified purchasers may be eligible to recoup up to 45% of qualified rehabilitation costs, creating an exceptional opportunity to restore one of New Orleans' historic treasures.<br><br> A RARE RESTORATION OPPORTUNITY IN THE HEART OF TREME!<br><br> Prominently positioned on the highly visible corner of St. Philip Street and Henriette Delille Street, this iconic circa-1860 Creole Cottage offers the chance to own a remarkable piece of New Orleans history in one of the city's most culturally significant neighborhoods.<br><br> This architecturally significant property features two separate residential units, including one 2-bedroom, 2-bath residence and one 2-bedroom, 1-bath residence, providing outstanding flexibility for investors, developers, multi-generational living, or future income-producing opportunities.<br><br> Located directly across from Louis Armstrong Park and the legendary Congo Square, and just two blocks from the Historic French Quarter, this premier location places you within walking distance of world-class music, dining, festivals, entertainment, and the unmistakable culture that defines New Orleans.<br><br> This property is being offered individually for $249,000, or it may be purchased together with the neighboring property at 1205 St. Philip Street to create an extraordinary five-unit historic compound. Whether your vision is a private family estate, boutique hospitality concept, long-term investment, or an architecturally significant restoration project, the possibilities are exceptional.<br><br> THIS IS A TRUE RESTORATION PROJECT. The property is part of a succession, is being sold AS IS, and the seller will make no repairs.<br><br> Historic properties of this significance, in this location, with the potential benefit of historic tax credits, are becoming increasingly difficult to acquire.<br><br> Bring your vision, restore a New Orleans landmark, and create something truly extraordinary.<br><br>
Additional Information
- Exterior Features
- Balcony, Courtyard, Fence, Patio
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Pool Description
- None
- Property Condition
- Average
- Heating
- Central, Window Unit(s)
- Cooling
- Central Air, Window/Wall
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