4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo
4415 35 Wilson Avenue, New Orleans, LA 70126 Photo

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4415 35 Wilson Avenue New Orleans, LA 70126
$1,000,000
Active / MLS# 2550516 / Multi Unit - Multiple / New Orleans
28 Beds
16 Baths
8360 SqFt

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

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Estimated Payment

$ 2,513.89 per month $2,222.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $291.67 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Apartment, Traditional
Lot Size: 0.32 Acres
Roof Type: Shingle
Stories: 2.0
Year Built: 2017

Feature Descriptions

Days on Site: 19
Exterior: Brick, Stucco
Laundry: Common Area
Lot: City Lot, Rectangular Lot
Lot Dimensions: 13986
Parking: Off Street, Parking Lot
Property Condition: Average Condition
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463

Shown By

Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339

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