1021 Kerlerec St, New Orleans, Louisiana

$1,640,000

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5,430

Square feet

About 1021 Kerlerec St

Embark on an unparalleled journey to acquire Madame De Lagniappe DBA Madame Isabelle’s House, a thriving hostel with a rich legacy. Experience seamless ownership transition with meticulously curated FF&A, including select furnishings from the esteemed third floor, alongside hassle-free inventory and equipment transfer. This offer extends beyond physical assets, embracing digital prominence with included OTA and review site accounts. Navigate regulatory compliance with our guidance on B&B license transfer, while Maison De Lagniappe, LLC will remain independent. Sign our disclosure agreement for access to financial data and license details, ensuring a path to realizing your hospitality aspirations. Step into a venture where success is certain: Maison De Lagniappe journey to its most profitable year in 2023 showcases the compelling reasons behind its thriving operation. With a decade-long presence since 2014, the Hostel has established itself as a premier destination, boasting loyal clientele and glowing reviews on platforms like Google and Booking.com. Their popularity ensures consistent occupancy rates, setting us apart from competitors. Moreover, the B&B license provides a crucial advantage. Unlike Hotels and STRs burdened with hefty taxes. The B&B license provides exemption, enjoying a favorable taxation framework and financial stability with a modest 50 cents per room charge. Positioned strategically among hostels in the city, Maison De Lagniappe stands out, offering unparalleled opportunities for entrepreneurial success

Features of 1021 Kerlerec St

MLS® # 2454011
Price $1,640,000
Bathrooms 0.00
Square Footage 5,430
Acres 0.00
Year Built 1946
Type Commercial Sale
Status Active

Community Information

Address 1021 Kerlerec St
City New Orleans
County Orleans
State Louisiana
Zip Code 70116

Amenities

Parking Off Street
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Brick
Lot Description City Lot, Rectangular Lot
Construction Brick

Additional Information

Days on Market 112
Zoning HMR-1
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

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