Commercial STR on AUTOPILOT!
Hospitality
for Sale
Sale Pending
| Catylist Listing ID: |
30804295 |
| Status: |
Pending |
| Number of Units: |
2 Units |
| Building Size (RSF): |
3,000 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
5,250 SF
|
| Sale Price: |
$895,000 |
| Unit Price: |
$447,500 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/23/2022 |
Overview / Comments
|
Excellent cap rate on commercial STR right by Med Center. Both licenses grandfathered in (obtained Nov 2019 prior to rule change) and renewed annually. Very easy to operate. Weekends stay booked! 3 Night Minimum and rents as 8 Bedrooms at once. Turnkey. Bookings into 2023. Yard has great space for a small pool/spa. Room for rental income growth. Licensed broker is member of selling LLC. Property built in 2019 - COO issued Nov 2019. Currently only advertising on 1 vacation rental site.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Greater New Orleans |
| Tax ID/APN: |
41031829 |
| Zoning: |
MU-2 |
| Largest Nearby Street: |
Tulane Ave |
| Site Description: |
Large lot. Off Street Parking |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Exterior Description: |
Hardy Plank. |
| Parking Type: |
Other |
| Parking Description: |
Off street parking and commercial str turnaround in back in place. Off street for 3-5 cars. |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Internet Access: |
Cable |
| Interior Description: |
New Construction in 2019- completed Nov 2019. |
| Zoning Description: |
MU-2 |
| Lot Frontage: |
30 |
| Lot Depth: |
175 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
SQ 576 LOT 15 OR 31DORGENOIS 30 9X175 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,041 |
207,171 |
411,649 |
| Median Age: |
32.03 |
36.35 |
37.27 |
| Households: |
8,563 |
91,239 |
175,640 |
|
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