Property Description

This well-maintained 12-unit apartment community, located at 4415?4435 Wilson Avenue in New Orleans, presents a compelling investment opportunity with strong in-place cash flow and operational stability. The property consists of twelve units totaling twenty-eight bedrooms and sixteen bathrooms, featuring a desirable mix of four (4) 3-bedroom/2-bath units and eight (8) 2-bedroom/1-bath units. The asset generates approximately $12,141 in monthly rental income (once the last unit is leased), with additional revenue from on-site laundry. It is currently supported by a solid 92% occupancy rate. Originally renovated in 2019, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered, enhancing expense control and operational efficiency. The gross building area is approximately 8,360 square feet and includes 16 off-street parking spaces. The property is located in a favorable Flood Zone X. A purchaser has the ability to acquire this stabilized asset and continue raising rents to market levels, with the potential to improve the cap rate to 10%+. NOI: $86,519 CAP Rate: 8.65% Gross Rents: $12,141 /month or $145,692 /year All information is deemed reliable but is not guaranteed. Buyers and Buyers' agents are advised to verify all information, measurements, and details independently. Contact the agents for additional information or to schedule a showing: Cameron Griffin: cameron@bridgewater.realty Rami Khodr: rami@bridgewater.realty

Property Features