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22674471
29828543

4237 Fontainebleau Dr, New Orleans, LA 70125

MM
LA LA9705
Bridgewater Realty Advisors
BM
LA LA 995705186
Bridgewater Realty Advisors
Listed by Bridgewater Realty Advisors
$775,000
434 days on market
Updated 3 days ago

Turn-Key 6 plex near University

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,952
Units 6
Cap Rate 7.75%
NOI $60,052
Occupancy 100%
Class A
Year Renovated 2023
Stories 3

Renovated 6 plex, 100% occupied

Marketing description

Bridgewater Realty Advisors presents a fully renovated, turn-key 6 unit apartment complex located near Napoleon Avenue and S. Broad Street intersection in New Orleans, LA. The 100% occupied community offers six (6) renovated units amongst 3 stories.

All of the units have been renovated to some degree, allowing for a new owner to capture the maximum rents the area will allow for these unit layouts. The property boast a 100% occupancy rate and the Broadmoor area is highly sought after by prospective tenants.

This presents an excellent investment opportunity for local, regional and national investors alike who are looking to expand their New Orleans footprint by purchasing a fully turn key asset in a great neighborhood of New Orleans that will see demand and appreciation for years to come.

Investment highlights

Please contact Bryce Marullo at 504-301-5583 for more information and to schedule a showing. See attached offering memorandum for more info.

Listing Contacts

MM
LA LA9705
Bridgewater Realty Advisors
BM
LA LA 995705186
Bridgewater Realty Advisors
Listed by Bridgewater Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,052.00
$5,004.33/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Mason Mccullough
License
LA9705
Brokerage Phone
5042985547
Brokerage Address
3501 Severn Avenue
Name
Bryce Marullo
License
LA 995705186
Brokerage
Bridgewater Realty Advisors
Brokerage Phone
5049010463
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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