1440 DESIRE ST New Orleans, LA 70117

Owner Open to Owner Financing. See terms below:
Discover the charm of New Orleans living in this partially renovated historic wood-frame shotgun home, where classic architecture meets thoughtful modern updates. Offering 2 bedrooms and 2 full bathrooms, this home features an inviting open floor plan.
The updated bathrooms provide modern convenience while preserving the home's unique rustic character and unmistakable New Orleans charm. The private primary suite is tucked away at the rear of the home and includes its own full bathroom and separate exterior entrance, offering excellent flexibility for guests, a home office, or additional privacy.
Additional features include central heating and air conditioning, convenient on-site laundry, and a spacious lot with off-street parking, a rare and valuable amenity in the area.
Proposed Owner Financing Terms
The seller is willing to consider owner financing for qualified buyers under the following general terms:
Financing Structure
Down Payment: Approximately 50% of the purchase price (more or less).
Purpose: Intended as a short-term financing solution to bridge the gap until the buyer obtains permanent financing.
Desired Loan Term: Approximately 24 months.
Interest Rate
9% annual interest on the financed balance.
Repayment Options
The seller is open to discussing one of the following structures:
Option 1: Interest-Only
Interest-only monthly payments.
Balloon payment due in the 25th month for the remaining principal balance.
Option 2: Fixed Monthly Payments
Approximately $4,200 per month for 24 months.
Final payment structure to be negotiated based on the financed amount.
Flexibility
Seller is willing to discuss financing terms that are mutually beneficial.
Final loan structure, payment schedule, and documentation are subject to negotiation and agreement between the parties.