No Condos will allow short term rentals in Metro New OrleansJanuary 3, 2020
1205 St. Charles Avenue #203 For Sale
Close to World War II Museum and Lee Circle
New Orleans, La 70130
“Reduced to $194,900”
“Very Great Price” for a Two Bedroom Unit
Overlooking St. Charles Avenue
Back on the Market in June of 2019
A Rare two bedroom unit with parking on St. Charles Avenue with this price of $217,203. The unit overlooks St. Charles Avenue is on the streetcar line. The #203 has 4 windows overlooking St. Charles on the second floor. Easy walk to the elevator and to the lobby. Unit has no carpet, open kitchen, garage parking spot, natural light in each room. Great to have a guest bedroom or office in the complex.
The Complex has improved over the last 2 years. All new windows in all units. All units have a new electrical panel. The reserves have gone up from the past assessments. The management is on site. There is 24 hour security 7 days per week. A Great amount of common areas. A swimming pool, courtyard, great lobby, parking for all, meeting room, large Upscale Gym, Laundry rooms on first floor, and space to sit in the upscale lobby.
1205 St. Charles has a problem in 2017 by not having enough money in the reserves. Condos are all required to have 10% of the annual budget in reserves. Last year they had about 60 K and needed to have 90 k. They now have over 400 k as the left over assessments were put into reserves. Assessments are no longer there. This will help the units sell for a little more in 2019.
The Common areas and amenities are second to none other complexes with units in this price range. All the units have assigned parking. People like to live here as it is close to the medical schools and on St. Charles Avenue. You can easily walk to the World War II Museum and the Warehouse District.
This Condo is back on the market after being rented for almost a year. No longer has any assessments but lots more in condo reserves than 2 years ago. Managed by Property one with office on first floor.