531 Tonti StNew Orleans, LA 70119

Property Details for 531 Tonti St

Year built

2023

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, a fully licensed and transferable commercial short-term rental, presents a lucrative investment opportunity in the vibrant heart of New Orleans, Louisiana. Built in 2023, this two-story, single-family home boasts five bedrooms and five bathrooms, offering ample space and privacy. The 2,742 square foot lot is zoned MU-2, allowing for versatile usage. Interior features include a blend of durable porcelain and luxury vinyl plank flooring, a modern kitchen equipped with stainless steel appliances, and four en-suite bedrooms. Convenient off-street parking and a private outdoor area complete the package. Financial performance is strong, with year-to-date revenue (through June 3rd, 2024) reaching $70,600 and a projected annual revenue of $156,000 for 2024. The property's central location provides easy access to major roads and the city's bustling energy. This turnkey operation includes a well-established management and cleaning team, ensuring a seamless transition for the new owner. The asking price is $850,000. This is a rare chance to acquire a high-performing, established short-term rental in a prime New Orleans location. The current owner is divesting due to portfolio expansion into other markets.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9594

Longitude

-90.0877

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