Address: 4415-4435 Wilson Avenue, New Orleans, LA 70126
This meticulously maintained 12-unit apartment complex, situated along Wilson Avenue, presents a compelling investment prospect. Boasting a strong occupancy rate of 91.66%, the property generates a robust monthly income of $12,501. Having undergone a comprehensive renovation in 2019, the complex was equipped with brand-new electrical, plumbing, roofing, and window systems. This ensures long-lasting durability and minimal maintenance requirements. Each unit is independently metered, providing convenience for both tenants and ownership. This turn-key investment opportunity is ideal for seasoned investors and newcomers alike, offering a stable income stream and significant potential for future growth.
List Price: $988,000 ($118 per SF | $35,285 per Bedroom)
Net Operating Income: $118,151 (12% CAP)
Gross Building Area: +/- 8,360 SF
Unit Mix: Twelve Units (12) with a total of twenty-eight (28) bedrooms. Mix includes four (4) 3 Bedroom | 2 Bathroom units, along with eight (8) 2 Bedroom | 2 Bathroom units.
Zoning: C-1 General Commercial District. Hotel is a permissible use in this zoning.
Parking: 16 off-street parking spots
For further listing details please contact Cameron Griffin 504-535-5680 or Louis Lebourgeois 985-317-4464
