Description
Acquire a fully leased Mid-City double, one block off Canal Street. 114"116 S Hennessey Street offers in-place income of $5,100/month ($61,200 annualized) with upside through rent increases or short-term rental activation (114 is currently permitted for STR). Zoned HU-MU (Historic Urban Mixed-Use), this 3,584 SF property sits in Flood Zone X and conveys with furnishings and appliances (tenant personal items excluded). New roof Dec 2023.The 114 side ($2,400/month) is on a month-to-month lease, giving a buyer immediate flexibility to reset rents or pursue STR use. The 116 side ($2,700/month) is leased through March 2026. Previous STR operations on 114 generated $43,800/year, demonstrating strong short-term demand.
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6BEDS
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0.1ACRES
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4BATHS
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01/2 BATHS
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3,584SQFT
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$188$/SQFT
School Ratings & Info
Description
Acquire a fully leased Mid-City double, one block off Canal Street. 114"116 S Hennessey Street offers in-place income of $5,100/month ($61,200 annualized) with upside through rent increases or short-term rental activation (114 is currently permitted for STR). Zoned HU-MU (Historic Urban Mixed-Use), this 3,584 SF property sits in Flood Zone X and conveys with furnishings and appliances (tenant personal items excluded). New roof Dec 2023.The 114 side ($2,400/month) is on a month-to-month lease, giving a buyer immediate flexibility to reset rents or pursue STR use. The 116 side ($2,700/month) is leased through March 2026. Previous STR operations on 114 generated $43,800/year, demonstrating strong short-term demand.
Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.
Terms & Conditions
© 2025 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2025-11-13T15:35:27.813.
Listing courtesy of Gulf South Real Estate Information Network.