Newly Constructed PadSplit property near downtown New Orleans and within one mile of the Superdome and Central Business District. Fully Occupied and generating strong cash flow.
Property is one of four adjacent units that contain 18 bedrooms in total. All four units are listed for sale together for $995,000 and will only be sold as a package.
Trailing twelve month gross revenue is ~$145,000 and income averages $670/mo per bedroom. Development includes 10 rooms with shared baths and eight rooms with private baths. Please follow this link for more information: https://www.mceneryco.com/wp-content/uploads/2022/06/2808-14-Philip-st-10.17.22-1.pdf.
Parking
Street parking
5 spots
Garage parking
0 spots
Driveway parking
0 spots
Bedrooms
This is the current occupancy for each bedroom in this home.
Room 1
Standard
Shared full bathroom
Queen
Reach-in closet
Punch Code Lock
Occupied since Dec 03, 2023
Room 2
Standard
Shared full bathroom
Queen
Reach-in closet
Punch Code Lock
Occupied since Feb 01, 2025
Room 3
Standard
Shared full bathroom
Queen
Reach-in closet
Punch Code Lock
Occupied since Feb 06, 2025
Room 4
Standard
Private full bathroom
Queen
Walk-in closet
Punch Code Lock
Room 5
Standard
Private full bathroom
Queen
Walk-in closet
Punch Code Lock
Occupied since Mar 30, 2024
Financial history
This is the month-to-month revenue collected for the past year on this property.