938 Thalia St

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938 Thalia St

New Orleans, LA 70130
Asking Price
$1.80M
Cap Rate
7.89%
Asset Type
Hotel Hospitality
Class
Class B

AI Property Summary

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

  • Hospitality asset listed for $1,800,000 in New Orleans
  • Features a five-bedroom luxury short-term rental unit
  • Includes a private swimming pool for guest use
  • Ground floor offers adaptable space for retail operations
  • Property generates a current cap rate of 7.89%

What's Special

Priced at $1,800,000, this hospitality asset at 938 Thalia St serves as a versatile commercial property within the New Orleans market. The site currently functions as a luxury five-bedroom short-term rental, complemented by a private pool and integrated ground-floor space suitable for retail or office use. Its location in the Lower Garden District places it near the historic charms and high foot traffic of New Orleans, a region bolstered by consistent tourism and business travel demand. Investors or owner-operators may view this configuration as a stable addition to a hospitality portfolio, leveraging the dual-income potential provided by the short-term rental unit and the adaptable street-level commercial area. The property aligns with the requirements of operators seeking high-visibility spaces in a major regional hub, offering both functional utility and a demonstrated income stream in a desirable neighborhood setting.

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

Location & Travel Times