
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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Data services provided by IDX Broker
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 |