12 Unit Multi-Family For Sale in New Orleans

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Address: 4415 Wilson Ave, New Orleans, LA 70126, USA

Florida & Gulf Coast + Apartment Buildings

Created date: November 12, 2024

Date last updated: November 12, 2024

-Current NOI $106,151 (w/ 1 Vacant Unit)

-Value Add

-Under Rented

-Renovated in 2019

Property Description

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 $11,501. 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.

Available

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Due Digilence Documents

Broker Details

Cameron Griffin

McEnery Residential, LLC 504-535-5680 MLS ID: grifcame

Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$988,000
No. of Units:	12
Cap Rate:	10.73%
Average Occupancy:	90
Year Renovated:	2017
Building Size:	8,360 Sq ft
Lot Size:	13,986.00 Sq ft
No. of Stories:	2
APN:	39W908716
Zoning Code:	C-1
Opportunity Zone:	No
Price per unit:	$82,333
Parking Spaces:	16
Property Website	Click Here