717 Toulouse Street

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717 Toulouse Street

New Orleans, LA 70130
Asking Price
$1.70M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The asset is a multifamily apartment building for sale.
  • Property is located at 717 Toulouse Street in New Orleans.
  • The asking price for this residential investment is $1,695,000.
  • Situated within the historic and vibrant French Quarter neighborhood.
  • Located in the 70130 zip code of Orleans Parish.

What's Special

This multifamily property at 717 Toulouse Street in New Orleans is currently available for sale. Situated in the heart of the historic French Quarter, this apartment building provides a distinct presence within one of the most culturally significant corridors in the Gulf Coast region. The area maintains high demand for residential rental units due to its proximity to the central business district and extensive hospitality sector, making this an ideal acquisition for investors focused on urban residential assets. Potential buyers may find value in the property's location within a dense, walkable neighborhood that benefits from consistent foot traffic and tourism-driven economic activity. With its strategic position in the 70130 zip code, the building serves as a stable residential opportunity for those seeking to capitalize on the sustained popularity of the downtown New Orleans rental market.

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NOI
$80,000
Cap Rate
4.72%
DSCR
0.79
Underwater
Cash-on-Cash
-4.06%
Monthly Payment
$8,385.935
Annual Cash Flow
$-20,631.222

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