FQ Historic Redevelopment Opportunity + Tax Incentives

French Quarter 20-Unit Multi-Family for Sale. Two (2) buildings connected by adjoining courtyards and a pool! Double galleries overlooking Chartres Street. Each unit is separately metered for utilities.

Tax incentives available: A Part 1 Application for Federal & State Historic Tax Credits has been APPROVED to enable Historic Tax Credits of up to 45% percent for qualifying construction expenditures.

The Two original Greek Revival double townhouses, were designed in 1846 by notable architect, J.N.B: De Pouilly. Located just between Royal Street & Decatur Street and the historic French Market, the building is located in the quiet residential section of the Quarter, but also steps to all of the world class dining and entertainment venues, the property is well positioned for condo conversion or long-term rental.

Due to extenuating circumstances, the current owners have elected to move the property after partial renovation. Approximately 60% of renovation has been completed. 10 Units in 1216 Chartres are close to "vanilla box" form. Contact brokers for more information.