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    OFF-MARKET
    Motels

    2028 Dumaine St, New Orleans, LA 70116

    2,100 SF Built 1920
    Property ID
    US36-0052743
    Property summary
    AI-generated overview

    This charming 2,100 square foot guesthouse in New Orleans' desirable Tremé neighborhood presents a unique investment opportunity. Built in 1920 and renovated in 2013, this single-story, one-building property sits on a 3,300 square foot lot and boasts six bedrooms. Currently operating as a fully licensed bed and breakfast, it's exempt from Airbnb regulations and has a proven track record of generating $70,000-$100,000 in annual net operating income (NOI). The property's conditional use permit allows for short-term rentals. The sale includes the established booking platform, reviews, and existing reservations. With potential for increased revenue through added amenities like breakfast service, bike rentals, or guided tours, this turnkey operation offers significant upside. The asking price is $475,000. Located just one mile from the French Quarter at 2028 Dumaine St, New Orleans, LA 70116, this property is ideally situated for attracting tourists and maximizing occupancy. Financial records are available upon request.

    Property profile
    Verified
    Property type Motels
    Year built 1920
    Total area 2,100 SF
    UPID US36-0052743
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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