Vacation rental duplex for sale in New Orleans, LA
1625 Franklin Avenue, New Orleans, LA 70117
Overview
Property ID: HF-12769
- Duplex
- 6
- 4
- 75000
- Annual Gross Revenue
Description
Duplex with HU-B1 zoning and fully operational Commercial Short Term Rental with grandfathered transferable licenses. Modified shotgun on both sides with 3 beds and 2 baths each side. Large divided back yard area. Walking distance to St Roch, Bywater and Marigny. Come see it while you can!
Excellent rental history. 2019 gross revenue was $76,680 for a full stabilized year. 2021 gross to date is $47,200. Sold fully furnished and ready to transfer full business to new owner.
$1050/year annual STR licensing fees
Fees based on a % of revenue:
Property Management: 20%
Insurance: 5%
Maintenance: 4%
Supplies: 1%
Utilities: 4%
For more information about the short term rental regulations in New Orleans, click here. New Orleans, LA is a popular tourism destination year round, drawing visitors from all over the world.
Details
- Price: $425,000
- Property Size: 1875 sq ft
- Bedrooms: 6
- Bathrooms: 4
- Property Type: Duplex
- Property Keyword: urban, grandfathered license
- Annual Gross Revenue: 75000
- Average Nightly Rate: 185
- Other Expenses: 1050
- Property Management Costs: 20%
Property Rental Listing (VRBO or AirBNB Links)
- Property Rental Listing 1: https://www.airbnb.com/rooms/47215128
- Property Rental Listing 2: https://www.airbnb.com/rooms/46640383
