842 Camp Street Unit 7, Licensed STR 5 bed & 4.5 bath
Multifamily | 12.99% CAP | 1 Unit
Marketing description
For Sale: Licensed Commercial Short-Term Rental (STR) — Turnkey Airbnb & VRBO Investment in Historic New Orleans
A rare opportunity to acquire a fully licensed, income-producing STR in the heart of New Orleans' most sought-after corridor. 842 Camp Street is a stunning 5-bedroom, 4.5-bath Italianate-style historic townhouse with a proven track record on Airbnb and VRBO. Licensed under the City's Commercial STR framework — one of a limited number of such licenses in existence — providing a significant competitive moat and immediate income generation from day one.
Financial Performance:
T36 Average NOI: $97,325 | Cap Rate at $1,295,000: ~7.5%
Dynamic pricing strategy consistently maximizes RevPAR across all booking platforms.
Owner Financing Available:
Qualified buyers may access favorable seller financing terms:
- 80% LTV
- 7.5% interest rate
- 20-year amortization
- 5-year balloon
Location is unmatched — steps from the CBD, Garden District, and the best dining, culture, and entertainment New Orleans has to offer. Strong repeat guest base and sophisticated management infrastructure already in place. This property performs year-round, not just during events.
Key Investment Highlights:
- Licensed Commercial STR — fully transferable
- Active on Airbnb and VRBO with established reviews & ranking
- 5BR / 4.5BA with historically authentic architecture
- Professional management with dynamic pricing
- Seller financing available — low barrier to qualified entry
Priced at $1,295,000. Owner motivated. Contact listing agent to request the Offering Memorandum and full financials.
Investment highlights
- Licensed Commercial Short-Term Rental: This historic, 5 bedroom property is fully licensed and ready for immediate income generation.
- Owner Financing Available: 80% LTV at 7.5% interest, 20-year amortization with 5-year balloon – flexible terms for qualified investors.
- 7.52% Cap Rate at $1,295,000: Strong yield backed by verified NOI of $97,328 from active short-term rental operations.
- Top-Performing Airbnb & VRBO Property: Actively listed on major STR platforms with strong occupancy and premium nightly rates.
- 5 Bedrooms / 4.5 Bathrooms: Generous layout accommodates large group bookings, driving premium nightly rates year-round.
- 4,540 SF Turnkey Property: Fully furnished and operational – begin generating rental income from day one of ownership.
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