New Orleans’s most expensive house gets $1 million price cut

September 23, 2023 by No Comments

As far as investing in New Orleans real estate is concerned, it doesn’t get much safer than this. Here, a property has cut $1,000,000 off its asking price. Located on the prestigious Magazine Street, it’s a bit of a home run when it comes to investing and it certainly looks the part on the outside. Sadly, despite it’s hefty price cut the building is still listed for $5,995,000 on Zillow.

According to the Zillow listing, it includes a: ‘13,412 sq ft building houses 4 commercial spaces on the ground floor, totaling 7,048 sq ft, and 4 luxury residential units, totaling 6,364 sq ft with 684 sq ft balcony. Generating gross income of over $340,000 annually.’



For most people, this will be way too expensive as it’s close to $6,000,000. However, for those who can afford it, this could turn out to be a fantastic earning opportunity with lots of potential due to the possibility of a third floor.

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