1111 TULANE Avenue, 818, New Orleans, LA 70112 (MLS# NO2547140)

Turnkey, high-performing short-term rental in the CBD--located in one of the few remaining buildings with a grandfathered hotel-style STR license. This fully furnished 4-bedroom, 2-bath condo (1,437 sq ft, sleeps 12) has documented STR income of approximately $66K in 2024 and $77K in 2025, with roughly $31K in annual net cash flow after operating expenses. Income is professionally managed and verifiable through Hosteeva. Ownership is fully hands-off, with onsite management handling bookings, pricing, guest communication, cleaning, and maintenance--ideal for passive or out-of-state investors. Performance has been consistent across months, supported by strong year-round demand drivers in the CBD. The interior features refined New Orleans-inspired design, a Bosch-equipped kitchen with quartz countertops, dual-vanity primary bath, and ample space to accommodate larger groups. Building amenities include a rooftop terrace, fitness center, business center, media and game rooms, and onsite management. Conveniently located within walking distance to the Caesars Superdome, Smoothie King Center, Tulane and VA medical centers, and the French Quarter. Condo dues include water and Wi-Fi. A rare opportunity to acquire a compliant, income-producing STR asset with proven performance and professional management in the heart of downtown New Orleans. Financials available upon request. Additional upside includes a reduction in management fees from 20% to 15% beginning in late 2025, improving forward net returns. The HOA is also in the process of enhancing common areas with a lobby-level cafe, bar, and lounge; per HOA guidance, these improvements are not expected to increase monthly dues.

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