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Vacation rental duplex for sale in New Orleans, LA

  • $425,000
1625 Franklin Avenue, New Orleans, LA 70117
  • Duplex
  • Property Type
  • 6
  • Bedrooms
  • 4
  • Bathrooms
  • 75000
  • Annual Gross Revenue
1625 Franklin Avenue, New Orleans, LA 70117
  • $425,000

Overview

Property ID: HF-12769
  • Duplex
  • Property Type
  • 6
  • Bedrooms
  • 4
  • Bathrooms
  • 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)

Contact Information

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John Hendrix

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