Property Address: 8033 Michigan Street, New Orleans, LA 70128
Online Bidding October 31st-November 7th
www.SVNGilmoreAuction.com
This is a 1400 SF, two-bedroom, one-bath single-family home with a detached 520 SF rear apartment with one bath. The roof is approximately ten years old.
Land Size: 62 x 119
Legal: Lot 34, Block 44, Sec. 6
Terms: All Cash Sale, "As Is, Where Is" Condition, 21 Day closing, 10% Deposit, Seller's Notary, 10% Auction Premium Added To The Winning Bid, 2% Of The Bid Price To Licensed Real Estate Agent That Reserves/Registers The Winning Bidder And Closes The Sale, with reserve. The listed price is the starting bid for the online auction.
Just off Hayne Boulevard corner Michigan
Building Size: 1400sq ft
Lot Size: 0.0 acres
Map of 8033 Michigan Street, New Orleans, LA, 70128
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.