$2,450,000
$150K PRICE DROP

Estimated payment $15,260/month

Total Views 5,691
8 Beds
12 Baths
5,441 Sq Ft
$450 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Property is in very good condition

About This Home

UNICORN INVESTMENT OPPORTUNITY! This outstanding building has FOUR TRANSFERABLE Commercial short term rental permits. The building underwent a full scale renovation in 2015. Each unit is two bedrooms, 2.5 baths (many are ensuite baths) walk in closets for days. The upper units have soaring ceilings and all units have tons of natural light. Every unit comes fully furnished with professional property management in place, many repeat guests, high star ratings across multiple short term rental platforms- a highly sought after vacation rental accommodation. The units were designed to complement but not compete with each other leading to high booking rates. The building as a whole is permitted to sleep 16 with room to spare, each unit sleeps 4. Steps from Magazine St, the location is outstanding for locals and tourists alike. This building is made for high returns (10% CAP rate), can be short term rented full time, or turn one unit into an owners unit- or both! Imagine having a place to come and go from steps from fabulous restaurants and shopping, and it produces income while you are not using it! Best of both worlds. The building grosses approximately $300,000 a year and growing. STR lender recommendations available upon request. This is a special opportunity for an investor- special building, in a special location that doesn't come along often. Certainly not one to be missed!Links to rental units can be provided upon request. Agent is related to sellers and property management company.Zoned Hu-B1AThis one will move quickly, don't sleep on this great investment opportunity.

Listing Agent

Brenna White

LaNasa Realty, Inc License #NOM:995700209 Listed on: 02/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,270

Year Built

  • Built in 2015

Lot Details

  • 4,034 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 5,441 Sq Ft Home
  • Property has 2 Levels

Additional Features

  • Outside City Limits
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 411107901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,270

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Traditional
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 101 JACKSON AVE AND LAUREL ST LOT 1A 64.02X63 839 JACKSON AVE
  • Lp Amt Sq Ft: 450.28
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2015

Interior Features

  • Estimated Living Area: 5441
  • Total Sq Ft: 5441

Exterior Features

  • Exterior: Brick
  • Foundation: Raised
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: None
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Type: Natural
  • Heating: Central
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Acres: 0.0926
  • Elevation Certificate: No
  • Lot Description: 1-5 Acres
  • Lot Size: 4032
  • Parcel #: 411107901

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Bedrooms All Units: 8
  • Total Full Baths All Units: 8
  • Total Half Baths All Units: 4
  • Total Units: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,270 $153,570 $14,120 $139,450
2024 $20,577 $153,570 $14,120 $139,450
2023 $2,909 $145,500 $6,050 $139,450
2022 $2,909 $20,670 $6,050 $14,620
2021 $4,663 $32,390 $10,090 $22,300
2020 $4,709 $32,390 $10,090 $22,300
2018 $8,273 $53,690 $10,090 $43,600
2017 $7,899 $53,690 $10,090 $43,600
2016 $4,603 $30,330 $8,030 $22,300
2015 $4,509 $30,330 $8,030 $22,300
2014 -- $30,330 $8,030 $22,300
2013 -- $30,330 $8,030 $22,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $2,450,000 -- $450 / Sq Ft
Source: Gulf South Real Estate Information Network

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Source: Gulf South Real Estate Information Network

MLS Number: 2486006

Gulf South Real Estate Information Network

APN: 4-11-1-079-01