3 months on rocket

1111 Tulane Ave Unit 721, New Orleans, LA, 70112

$845,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,265 SqFt
$668/SqFt
Condo

Location

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1111 Tulane Ave Unit 721, New Orleans$845,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built1950
HeatingCentral
CoolingCentral Air, Single Unit
FireplaceNone
MLS #2466708
StatusActive

About 1111 Tulane Ave Unit 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,265 SqFt

Listing Office:

  • Office Name: Realty One Group Immobilia
  • Office Phone: (504) 405-3211
  • Listing Agent: Isabella Finnell
  • Agent Phone: (504) 233-4751

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Interior: Ceiling Fan(s), Elevator, Pantry, Stone Counters, Stainless Steel Appliances
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Single Unit

Price Information

Listing Price Info

Price Summary:

  • List Price: $845,000
  • Price Per SqFt: $668/SqFt
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

1111 Tulane Ave Unit 721 vs New Orleans

103 DAYS ON ROCKET

+27 Days

$845,000

+$517.3K More

$668/SqFt

+$478 More

KEY TAKEAWAY

This property is $517.3K more than the Median Sold Price and $478/SqFt more than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2466708

Listing Office:

  • Office Name: Realty One Group Immobilia
  • Office Phone: (504) 405-3211
  • Listing Agent: Isabella Finnell
  • Agent Phone: (504) 233-4751

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-804163
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.91 miles

  • Public Charter Grades PK-5

school-card-donut-804164
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.29 miles

  • Public District Grades PK-5

school-card-donut-804165
10
/10

  • Gretna No. 2 Academy for Advanced Studies

  • 701 Amelia St

  • 2.84 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,928. Typical income of New Orleans, LA residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1111 Tulane Ave Unit 721

What is the listing price of this property?

The listing price of 1111 Tulane Ave Unit 721 property is $845,000.

What type of property is this?

The property 1111 Tulane Ave Unit 721 is a condo located in New Orleans, Louisiana, 70112.

Is this property for sale now?

Active Listing: 1111 Tulane Ave Unit 721 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1111 Tulane Ave Unit 721 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1111 Tulane Ave Unit 721 is 1,265 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1111 Tulane Ave Unit 721 is 1950.

Rocket Homes›Louisiana›Orleans County›New Orleans›70112›1111 Tulane Ave Unit 721

This home is located at 1111 Tulane Ave Unit 721 in New Orleans, LA and zip code 70112 in the Central Business District neighborhood. This 1,265 square foot home was built in 1950. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $845,000.

While more than 29 listings in New Orleans, LA in November 2024 were sold above asking price, there were more than 41 listings sold at asking price, and more than 161 were sold below. The number of listings in New Orleans, LA increased by 6.2% between October 2024 and November 2024. In November 2024, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $327,611.

From Rocket Homes Real Estate and based on county public records data.

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