2039 CALHOUN Street, New Orleans, Louisiana, 70118
$1,350,000
5,788 Sqft
12 bd
5 ba
#2493890
Ideally located at Freret and Calhoun Streets, just steps from Tulane and Loyola Universities, 2039 Calhoun offers a fully leased 12-bedroom, 5,700+ SF student housing investment property. The property features a standalone four-bedroom unit on the ground floor and an eight-bedroom unit on the second and third floors. Currently leased to one group, the units can also be rented separately by closing a door. Each unit includes a full kitchen and in-unit laundry.With a commanding corner presence, direct sightlines to the universities, off street parking, and original historic details, the property has undergone extensive renovations, including a new roof, gutters, exterior paint, major siding and HVAC repairs, new flooring, updated bathrooms, new laundry units and many others.Centrally located in Uptown, just minutes from the Freret and Maple Street commercial corridors, the property is in constant high demand and ensures strong, stable rental income. The upper unit is fully leased for 2025-2026, and ownership is finalizing a lease for the ground floor. 2039 Calhoun Street is a rare opportunity in an unbeatable university location.
PROPERTY FEATURES
- Utilities : Natural Gas Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Driveway, Off Street
- Parking Total: 3
- Patio And Porch Features : Porch
- Cooling on Property:
- Cooling: Central Air, Window Unit(s)
- Heating on Property:
- Heating : Central
PROPERTY DETAILS
ID: 2493890
Status: Active
Price: $1,350,000
Type: Multi-family
Address: 2039 CALHOUN Street
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70118
Lat/Long: 29.937139, -90.118281
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