#2477808, Elizabeth McNulty, Listing Office: LATTER & BLUM (LATT28)
1111 Tulane Ave Unit 721 New Orleans, LA 70112
Property details
About 1111 Tulane Ave Unit 721
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 unit in one of New Orleans’ most desirable locations.
Highlights
Summary
- MLS Number: 2466708
- MLS Name: NOMAR
- Office Name: Realty One Group Immobilia
- Office Phone: (504) 405-3211
- Office Email: karenclokedavis@gmail.com
- Listing Agent: Isabella Finnell
- Agent Phone: (504) 233-4751
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Last updated on: 3/14/2025, 6:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$776,268
1111 Tulane Ave Unit 721
$9,218
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Price information
Property sales
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Nearby schools
6
Elan Academy Charter School
Public Charter PK-5
1.9 mi
•709 Park Blvd
2
McDonogh No.26 Elementary School
Public District PK-5
2.3 mi
•1200 Jefferson St
10
Gretna No. 2 Academy for Advanced Studies
Public Magnet PK-5
2.8 mi
•701 Amelia St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,928. Most New Orleans, LA residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 1111 Tulane Ave Unit 721
This home is located at 1111 Tulane Ave Unit 721 in New Orleans, LA and zip code 70112 in the Central Business District neighborhood. This 1,265 square foot home was built in 1950. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $776,268.
Over 30 listings were sold over their listed price in February 2025 in New Orleans, LA. In the same period over 168 listings were sold below the listed price and 35 listings were sold for the listed price. Between January and February 2025, New Orleans, LA real estate market has seen increase in the number of listings by 10.5%. In February 2025 median list price was $328,998 and the average listing age was 83 days.