1111 Tulane Avenue , #704

Description

Turnkey downtown studio located in one of the few remaining buildings with a grandfathered short-term rental (STR) license in New Orleans.This fully furnished 1-bath unit is designed to sleep four (queen bed + sleeper sofa) and features an open-concept layout with Bosch appliances, custom cabinetry, and modern finishes. A defined sleeping area is incorporated within the main living space for efficient use and guest comfort.Ownership is fully hands-off, with onsite management by EN Management handling bookings, guest communication, cleaning, and maintenance—offering a streamlined experience for investors or second-home owners.Parking included — a rare and highly valuable feature in the CBD.Residents and guests enjoy access to a fitness center, rooftop terrace, business and media rooms, and additional amenities. Planned common-area upgrades include a lobby-level café, bar, and lounge seating designed to further enhance the guest experience.Located in the Central Business District, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, and major medical centers.Additional upside includes a reduction in management fees from 20% to 15%, improving forward income potential. Per HOA guidance, the planned common-area improvements are not expected to increase monthly dues.Rental income history available upon request.A compelling opportunity to own a compliant STR asset in a highly restricted market, offering flexibility for personal use and income potential.