$965,000

Apartment In New Orleans

  • 28 Beds
  • 16 Baths
  • 8,360 Sqft
  • 13,988 Sqft lot
  • Updated: July 10
  • 1
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2550516

About the Property

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 uni
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: [hidden information]

Rami Khodr: [hidden information]
  • Property type

    Apartment

  • Floors

    2

  • Year built

    2017

  • Price/sqft

    $115

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4415 35 WILSON Avenue, New Orleans, Louisiana, United States View on Google Maps
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Bridgewater Realty Advisors, LLC - Metairie

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Bridgewater Realty Advisors, LLC - Metairie
Louisiana, United States
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30
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2025
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Bridgewater Realty Advisors, LLC - Metairie
Metairie, Louisiana, United States
View agency profile
Last updated
July 10
First listed
Apr 1
Listing reference
2550516
Listing status
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