$280,000

Historic tax credit opportunity in the New Marigny Historic District. This 1885-era double shotgun qualifies for state and federal historic tax credits. The seller has completed Phase 1 and Phase 2 of the process, a $5,000 investment that transfers to the buyer. Building permit is open. Sewer line replaced out to the city connection. The groundwork is done. Finish the renovation, complete the final phases, and live in one side or hold both as an investment. Both units share the details worth saving: 12' ceilings, original heart pine floors, and original moulding throughout. About 2,200 sq ft of living space in all. 1325 is finished. Double parlor living and dining rooms with original fireplace mantels. Cypress pocket doors and trim. Central HVAC, a spacious kitchen, two bedrooms, one full and one half bath, and in-unit laundry. Last leased at $1,500/month, now vacant. 1323 is its mirror image and about 75% complete. Same ceilings, same floors, same mouldings. Your finishes complete it. Outside, a covered front porch looks over a fenced front yard planted with tropical landscaping. The extra-deep 31 x 127 lot opens in back to a wooden deck and lush plantings around a gravel courtyard. Separate electric and gas meters. Roof approximately 10 to 15 years old. Zoned HMR-2. Easy walk to the historic French Quarter and Marigny neighborhoods. Robert Fresh Market and Baldwin & Co. coffee and bookstore on Elysian Fields is about a 6-minute walk. St. Roch Market on St. Claude is roughly 11 minutes on foot. Sold as-is. Renovations to be completed by buyer. Will not qualify for conventional financing - cash or renovation financing only. Buyer to verify all zoning, permitting, and tax credit restrictions/availability.