An eight-bedroom New Orleans mansion that was once an apartment complex is on the market for $2.75 million.
“What makes this house unusual is that it’s in an area that has been largely bought up by condo developers in the French Quarter, which makes it even rarer to have an apartment complex,” says the listing agent. Gary Williamsof French Quarter Real Estate.
Buyers can keep the property as a large single-family home or easily subdivide it for rental income.
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Built in 1834, the 5,432-square-foot home features a variety of period details spread over three buildings. Historic highlights include arched windows, a double staircase, preserved hardwood floors, custom millwork, and several fireplaces.
“The current owners purchased this property two years ago and have done a great job upgrading all the units,” Williams said. “They were very careful to preserve the history of the house.The updates started immediately after we bought the property, but they were able to fully show off a very beautiful part of the building. ”
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If the new owner wants to make changes to the exterior of the home, they must apply to the New Orleans Historic District Landmarks Commission for approval.
“You can do whatever you want inside the house, but any changes to the exterior must be approved by the commission,” Williams said.
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Details from the real estate agent:
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The property is currently configured as a single-family home, but could potentially revert to a multi-family home. His three buildings on the property include his five “statutory outbuildings” designed around a beautiful outdoor courtyard filled with fruit trees and a fountain.
Inside the main cottage, you’ll find 11-foot ceilings, a double living room, and a gourmet chef’s kitchen with high-end appliances. Ten sets of French doors let in plenty of natural light.
“The main home also has a sunny sunroom that opens onto the courtyard,” Williams added. “All the buildings face a courtyard and it’s very beautiful at night. It used to be five apartments, so we were able to turn it back into a complex.”
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According to property details, the original kitchen and second-floor detached house has been converted into a two-bedroom detached house. The third structure has another two-bedroom unit and two additional one-bedroom studios. There is also a full-size movie screening room with meeting rooms and a kitchen designed for entertaining.
“The next buyer may already own a rental property, but I would rather it stay as a single-family home,” Williams says. “We believe the current configuration works best, but it may not meet everyone’s needs.”
The hotel is ideally located near New Orleans’ famous restaurants and entertainment venues. You can also park multiple vehicles behind the electric gate.
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“This property is located near a hot area in the French Quarter,” Williams notes. “You can hear the sounds of Bourbon Street, but you’re away from the hustle and bustle, but still within walking distance.”