1310 Constance St

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1310 Constance St

New Orleans, LA 70130
Asking Price
$1.70M
Asset Type
Hotel Hospitality
Class
Class B

AI Property Summary

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

  • Hospitality investment priced at 1700000 dollars in New Orleans
  • Asset includes five luxury suites for guest accommodations
  • Ground floor retail space is currently under an active lease
  • Located in the 70130 zip code within the Lower Garden District
  • Combined hospitality and retail usage provides diversified income streams

What's Special

Priced at $1,700,000, this hospitality asset at 1310 Constance Street in New Orleans presents a distinctive investment in the city's vibrant Lower Garden District. The property features five luxury guest suites located above a ground floor retail space currently under lease. This configuration provides a versatile revenue stream, balancing short-term lodging demand with stabilized commercial income. The area is known for its blend of historic architecture and growing local business activity, attracting both tourists and residents to the corridor near the Mississippi River. Investors looking to capitalize on the city's robust hospitality market may find this mixed-use setup well-positioned for continued operations. Its proximity to downtown and major transit routes supports high accessibility for visitors and commercial tenants alike. Given the combination of residential-style hospitality suites and an active street-level storefront, the building functions as an efficient component of a diversified real estate portfolio within the urban core.

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

Location & Travel Times