LA > New Orleans
New Orleans, LA 70130,837-839 JACKSON AVE
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New Orleans, LA 70130,837-839 JACKSON AVE
New Orleans, LA 70130,837-839 JACKSON AVE
New Orleans, LA 70130,837-839 JACKSON AVE
New Orleans, LA 70130,837-839 JACKSON AVE
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Pennant Real Estate

Pennant Real Estate

+1(225) 663-2112
$ 2,450,000
Est. payment /mo
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Active

837-839 JACKSON AVE New Orleans, LA 70130

8 Beds

10 Baths

5,441 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,441 sqft

Price per Sqft $450

MLS Listing ID 2486006

Style Traditional

Bedrooms 8

Full Baths 8

Half Baths 4

Construction Status Very Good Condition

HOA Y/N No

Year Built 1860

Lot Size 4,033 Sqft

Acres 0.0926

Property Sub-Type Quadruplex

Property 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.

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features None

Water Access Desc Public

Roof Type Shingle

Building

Lot Description 1 to 5 Acres, City Lot

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 411107901

Special Listing Condition None

Virtual Tour https://drive.google.com/file/d/1CDOkayhSvRB3qHj2gJId_-TIiTRSsnnF/view?usp=drive_link

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by LaNasa Realty, Inc
agent

Pennant Real Estate

Broker

+1(225) 663-2112

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837-839 JACKSON AVE

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