Addresses: 2317 N Rampart & 1018 Mandeville, New Orleans, 70117
The Warehouse House Complex represents a rare opportunity to acquire a turn-key and 100% existing Commercial Short Term Rental Complex in the heart of the Marigny, only a stone’s throw from New Orleans’ Cultural Hubs and the nightlife of Frenchmen Street and the French Quarter. The property features two (2) buildings, with separate street frontages, and a total of twelve (12) units combined. The buildings are linked by a private rear courtyard with a swimming pool. The architectural innovation and thoughtful design of the well-appointed guest suites feature contemporary spaces with surprising volume, while maintaining a distinctive New Orleans’ charm. The established hospitality operation is the full investment package: desirable location, incredible architecture, and most importantly, stable cashflow under a master lease with very little owner responsibility. In addition, there is high upside for increasing cashflow with through repositioning and creating additional room capacity.
List Price: $5,495,000
Annual Net Revenue: $365,701
19% OPEX Ratio: Master Leased with minimal owner responsibility
Licensing: 100 % CSTR licenses in place (Zoning Determination Available)
Total Site Size: +/- 12,577 SF
Zoning: HMC-2 with twelve (12) vested Commercial STR Licenses.
