CENTURY 21 Action Alert

8520 Chef Menteur Hy, New Orleans, LA 70127 — Price: $2,050,000

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Multi-Family Home
Square Feet 830
Year Built 2012
# Stories 2
MLS Number: 2125245


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Description


Constructed in the mid-1980s, Heritage House Apartments was purchased and renovated post-Hurricane Katrina and is stabilized. The subject was partially renovated utilizing Federal Low Income Housing Tax Credits, as allocated by the LA Financing Agency. In order to obtain LIHTC, ownership agreed to restrict rents on the property through Dec. 31, 2039. Please inquire with listing agents for additional information, including offering memorandum, copy of LIHTC Tax Credit Regulatory Agreement and financials.

Features:


Rooms Bedroom 1 Level: Lower
Bedroom 2 Level: Lower
Kitchen Level: Lower
Living Room Level: Lower
Number of rooms: 4
Heating/Cooling Central air
Central heat
Exterior Brick exterior
Lot Lot acreage is: 1.5900
Lot size: 80 x 386/382
Subdivision: Not a Subdivision
Roofing Asphalt roof
Basement Slab Foundation
Utilities City sewer
Public water
Construction Total square feet: 830
Living square feet: 830


Mortgage Payments


The approximate monthly Principal & Interest payment for this property would be $9,867.70.
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Courtesy of:


RE/MAX Commercial Brokers,Inc.



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