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1111 TULANE Avenue 721
New Orleans LA 70112 US

$776,268

Active Listing ID 2466708
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2 bed
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2.00 Bath (2 Full)
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Condominium

$776,268

Active Listing ID 2466708
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1111 TULANE Avenue 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.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 2
  • Roof Type: Flat
  • Heating Fuels: Central Furnace, Fireplace
  • Additional Features
  • Fireplace

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 776268
  • unparsedaddress: 1111 TULANE Avenue
  • unitnumber: 721
  • postalcity: New Orleans
  • stateorprovince: LA
  • country: US
  • postalcode: 70112
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 1265
  • livingareaunits: Square Feet
  • listagentfullname: Isabella Finnell
  • listagentemail: isabella@bontempsrealtor.com
  • listagentkey: 3yd-NOMARLA-finnisab
  • listagentmlsid: finnisab
  • listagentpreferredphone: 5042286399
  • listagentofficephone: 5042286399
  • listofficekey: 3yd-NOMARLA-IMRS02
  • listofficemlsid: IMRS02
  • disclaimer: Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NOMARLA
  • listingcontractdate: 2024-09-06
  • countyorparish: Orleans
  • appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • constructionmaterials: Concrete
  • heating: Central Furnace, Fireplace
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • interiorfeatures: Ceiling Fan, Elevator, Pantry, Public Transportation, Stainless Steel Appliances, Stone Counters
  • architecturalstyle: Modern
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Laundry
  • accessibilityfeatures: Accessible Elevator Installed
  • entrylevel: 7
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty One Group Immobilia", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[{"ExpenseCategory":"Home Owner Assessments Fee", "ExpenseFrequency":"Monthly", "ExpenseValue":810}, {"ExpenseCategory":"Home Owner Assessments Fee", "ExpenseFrequency":"Monthly", "ExpenseValue":810}], "GeocodeOptions":null, "LeadRoutingEmail":"RealtyOneGroupImmobilia@gmail.com", "ListBrokerageCity":"Mandeville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"karenclokedavis@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Realty One Group Immobilia", "ListBrokeragePhone":"(504) 228-6399", "ListBrokeragePostalCode":"70448", "ListBrokerageStateOrProvince":"LA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"137 Girod St.", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"3421 N. Causeway Blvd, Ste 305", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Metairie", "ListOfficeCountry":"US", "ListOfficeEmail":"karenclokedavis@gmail.com", "ListOfficePostalCode":"70002", "ListOfficeStateOrProvince":"LA", "ListPriceCurrencyType":"USD", "ListingTitle":"Condominium, Mid Century Modern - New Orleans, LA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1111-Tulane-Ave-Apt-721_New-Orleans_LA_70112_M90891-22937?f=listhub&s=NOMARLA&m=2466708&c=rexren", "MLSModificationTimestamp":"2025-03-02T03:26:54Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Condominium", "RawPropertyType":"Residential", "RoomCount":8, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/2/2025 12:05:46 PM GMT
Source Updated Date: 3/11/2025 6:48:48 AM GMT

Courtesy of: Isabella Finnell, Realty One Group Immobilia, isabella@bontempsrealtor.com

Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.