837-839 Jackson Avenue

Unknown

UNICORN INVESTMENT OPPORTUNITY! This outstanding building has FOUR TRANSFERABLE Commerical short term rental permits. The building underwent a full scale renovation in 2015. Each unit is two bedrooms, 2.5 baths (many are ensuite baths) walk in closets for days. The upper units boasts soaring ceilings and all units have tons of natural light. Every unit comes fully furnished with professional property management in place, many repeat guests, high star ratings across multiple short term rental platforms- a highly sought after vacation rental accommodation. The units were designed to complement but not compete with each other leading to high booking rates. The building as a whole is permitted to sleep 16 with room to spare, each unit sleeps 4. Steps from Magazine St, the location is outstanding for locals and tourists alike. This building is made for high returns, can be short term rented full time, or turn one unit into an owners unit- or both! Imagine having a place to come and go from steps from fabulous restaurants and shopping, and it produces income while you are not using it! Best of both worlds. The building grosses approximately $300,000 a year and growing.
Links to rental units can be provided upon request.
Agent is related to sellers and property management company.
Zoned Hu-B1A
This one will move quickly, don’t sleep on this great investment opportunity.

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Price:$2,600,000
Address:837-839 Jackson Avenue
City:New Orleans
County:Orleans
State:Louisiana
Zip Code:70130
MLS:2486006
Year Built:1860
Acres:0.093
Lot Square Feet:0.093 acres
Bedrooms:8
Bathrooms:12
Half Bathrooms:4
roof:Shingle
sewer:Public Sewer
levels:Two
cooling:Central Air
heating:Central
stories:2
coolingYN:yes
heatingYN:yes
mlsStatus:Active
livingArea:5441
permission:IDX
postalCity:New Orleans
lotFeatures:1 to 5 Acres, City Lot
lotSizeArea:0.0926
waterSource:Public
humanModifiedYN:yes
parkingFeatures:None
livingAreaSource:Appraiser
foundationDetails:Raised
lotSizeDimensions:4032
propertyCondition:Very Good Condition
architecturalStyle:Traditional
buildingAreaSource:Appraiser
constructionMaterials:Brick
specialListingConditions:None
propertySubTypeAdditional:Commercial, Residential
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