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Listed byBridgewater Realty Advisors • Cameron B. Griffin • 504-901-0463
$ 945,000
Est. payment /mo
Active
4415 WILSON AVE New Orleans, LA 70126
28 Beds
16 Baths
8,360 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 8,360 sqft
Price per Sqft $113
MLS Listing ID 2550516
Style Traditional
Bedrooms 28
Full Baths 16
HOA Y/N No
Year Built 2017
Acres 0.32
Lot Dimensions 13986
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 8360
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: $86,519CAP Rate: 8.65%Gross Rents: $12,141 /month or $145,692 /yearAll 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
Location
State LA
County Orleans
Area 0.32
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street, Parking Lot
Utilities Available Natural Gas Not Available
Garage No
Building
Lot Description Other
Foundation Slab
Water Public
Architectural Style Traditional
New Construction No
Others
Tax ID 39W908716
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