Address: 2433 St. Claude Avenue, New Orleans, LA 70117
Attention Investors! Value add opportunity! Mixed-use property in the heart of the Marigny for sale with Commercial Short Term rental Licenses that were recently renewed 11/25/2022. The two (2) STR units are located on the second-floor. The front unit features 5 beds/4 baths. The rear unit features 5 beds/3.5 bathrooms. There is a total of 10 beds/7.5 baths within the property. There is excellent upside and un-tapped potential with room for revenue growth and value add creation with relatively low activation cost.
The STR units and ground floor office space were mostly renovated in 2019 and features lux fixtures throughout. A new roof installed in 2021. The downstairs is comprised of a mix of office, storage, and a vacant 775 SF retail/commercial space fronting St. Claude Avenue in cold dark shell condition fronting on St Claude that can be easily activated. There are two (2) roll up garage doors which can provide for secured interior parking. Current ground-floor co-tenants include Elyod Construction and Blue Door Management for $3,500 monthly.
List Price: $1,395,000 | $222.77 PSF
Gross Building Size: +/- 5,107 SF
Beds/Baths: Ten (10) Beds / Seven and One Half (7.5) Baths
# of Units: Two (2) Residential Units + One (1) Commercial Space
Zoning: HMC-2 Historic Marigny/Tremé/Bywater Commercial District
