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1111 Tulane Ave Apt 721, New Orleans, LA 70112
$845,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
2
baths
1,265
sqft
Built in
1950
High-Yield Investment Property in Downtown New Orleans This 1,200 sq. ft. corner unit in a prime downtown location has generated $45k YTD in 2024, with a signed contract for a 30+ day stay during the Super Bowl for the production crew. Revenue from this contract will cover the annual expenses for the unit, allowing positive cash flow from February onwards. Unit Features: Layout: Spacious corner unit with two king suites, each featuring en-suite baths, walk-in closets, and luxury hotel-style bedding. Views: Expansive windows offer city views from every room, including the historic Roosevelt Hotel and the Superdome. Living Space: Modern design with high ceilings, a fully-equipped kitchen, and a large living room perfect for relaxing or entertaining. Amenities: Access to a shared rooftop terrace, fitness center, game room, and media room with Dolby surround sound, a 100" projector screen, and a full wet bar. Location: Proximity: Walking distance to the French Quarter, Superdome, Canal Street, Bourbon Street, and key city attractions like the Saenger Theatre, Convention Center, and WWII Museum. Transportation: Convenient access to public transit and rideshare services, with parking available on a first-come, first-served basis in the building's garage. Investment Highlights: High Occupancy: Consistently high occupancy rate in 2024, with $75k YTD revenue. Super Bowl Contract: A signed 30+ day stay during the Super Bowl production crew, covering annual expenses and allowing positive cash flow starting in February. Zero Management Required: The building handles all common areas, and a professional management company takes care of bookings, housekeeping, and maintenance for a 10% fee. Ideal for Absentee Owners: Turnkey Investment: No management needed for this fully serviced unit. Furnishing: Willing to sell fully furnished, with a few vintage items negotiable. This property offers a rare opportunity for out-of-state investors looking for a high-performing, low-maintenance
Features & Amenities
Interior
- General:
- Ceiling Fans,Handicap Interior Provs
- Kitchen:
- Counters Stone,Dishwasher,Microwave,Pantry,Range/Oven,Refrigerator,Stainless Steel Appl
- Basement:
- Slab: Traditional Found
- A/C:
- Central Air Cool
- Heating:
- Central Heat
Exterior
- Style:
- Other Style
Construction
- Roofing:
- Flat Roof
- General:
- Concrete Const, 1
Location
- HOA Amenities:
- Subd Public Transit, Common Areas HOA,Common Areas Maint HOA, 9720.0, 15.1x9.8
- County:
- ORLEANS
Lot
- Driveway:
- No Parking
- Zoning:
- AS PER TITLE
Utilities
- Utilities:
- ELEC: Entergy,GAS: None
- Water:
- Public Sewer,Public Water
- Sewer:
- Public Sewer,Public Water
This listing courtesy of:
Realty One Group Immobilia
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About New Orleans, LA
Housing
- Number of Units
- 211,830
- Median Home Value
- $302,277
- Median Rent
- $892
51.16% of housing units are renter occupied.
14.16% are vacant.
Commute
- Car
-
63.54%
- Public Transportation
-
4.28%
- Walk to Work
-
3.84%
- Work from Home
-
25.07%
- Other
-
1.15%
The median travel time to work is 20 minutes.
People
- Population
- 415,974
- Median Age
- 38.90
- Median Household Size
- 2.25
Education
- High School
-
22.72%
- Associate’s Degree
-
5.07%
- Bachelor’s Degree
-
21.76%
- Graduate Degree
-
17.45%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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