837839 Jackson Avenue

New Orleans, LA 70130

  • 8 Bed(s)
  • 8 Bath(s)
  • 5,441 Sqft
  • 0.0926
    Acre(Lot)
$2,450,000

Description

Unicorn investment opportunity! this outstanding building has four transferable commercial 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 have 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 (10% cap rate), 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. str lender recommendations available upon request.
this is a special opportunity for an investor- special building, in a special location that doesn't come along often. certainly not one to be missed!
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.

  • Property Type

    Residential Income

  • Parish

    Orleans

  • Style

    Residential Income

  • AD ID

    49499511

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BuyOwner last updated this listing 05/09/2025 @ 14:28

  • MLS: 2486006
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NOMAR

is a Home, with 8 bedrooms which is for sale, it has 5,441 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.