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The Cotton Mill Condos in the New Orleans Warehouse District, 2/2 under 240k, there are 3 for sale…

       The Cotton Mills Condos in the Warehouse District is one of the few places where you can find a two bedroom and two bath condo for under the 240k level.  Buyers and residents like the complex because it has easy access to parking, the real New Orleans Warehouse feel with high ceilings, wood floors and large windows.  Add in security, a giant courtyard of 25,000 sq. ft., on site management, and a large gym fully equipped.  The security is on duty day and night once you enter the secure entrance at 920 Poeyfarre.

     A great location for easy access the the interstate, French Quarter, Convention Center and the Street car line that runs down St. Charles. Its a block from the World War II Museum.  Its a very short drive to the Medical schools of Tulane and LSU.  Its a short walk for everyone working in the Central Business District of New Orleans.

     There are actually 3 two bedroom condos for sale currently in the building.  The condo fees here cover all insurance, upkeep, basic cable, water, sewerge, and garbage, security and even hot water.  The condos are always easy to rent because of the amenties that the association has to offer.

Cotton Mill Condos, www.neworleanscondos.net

          All the two bedrooms that are for sale in this range are what I call “stack-able” meaning one bedroom is stacked on the other.  This is doable on the 3rd and 4 th floors as you have at least 18 foot ceilings and twelve foot windows.  The two bedrooms that are on one level are going to be higher in price than the stack-ables.  These units are great if you want to have a roommate as you have great separation of space.

     The Cotton Mill Condos can be financed using an FHA loan which means 3.5% down but you have to live in the unit.  Rates today are right under the 5% level.   

     I have sold over 30 condos in the building so know that buyers either really like the complex or do not.  Its either your cup of tea or not.

 307 Cotton Mill Condos, Pool and courtyard, New Orleans Warehouse Condos

      Here is a brief description of the three condos currently for sale under the 240k level.

      Condo #326 is a renovated unit that faces the courtyard.  The unit has been updated and looks great.  The current owner has made several positive modifications to give him a small office upstairs off the bedroom and more room in the living area by moving the bedroom wall.  $239,500

     Condo #336 is also renovated and faces the courtyard as well.  The kitchen is larger than most and both bedrooms are larger as well.  The condo was used as a second home recently so it has been used very much at all and is a one owner condo. It is my listing.  $238,5000.

    Condo #423is a unit that faces the interstate.  It has not been completely renovated and is on the top floor of the Cotton Mills. The condo is 1002 sq. ft of living making it the largest of the three. The price is $235,000.

307 Cotton Mill Condos, Warehouse District Condos Views

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA