1825 Sophie Wright Place

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1825 Sophie Wright Place

New Orleans, LA 70130
Asking Price
$2.20M
Asset Type
Retail
Class
Class B

What's Special

NEW CONSTRUCTION MIXED-USE ASSET WITH MULTIPLE INCOME STREAMS IN THE HEART OF THE LOWER GARDEN DISTR <p>Rare opportunity to acquire a newly constructed mixed-use asset in one of New Orleans' most sought-after neighborhoods. Featuring approximately 1,205 SF of customizable commercial space plus two luxury residential residences above, the property offers multiple income streams, minimal near-term capital expenditures, modern building systems, covered parking, sprinkler protection, and exceptional walkability just steps from Magazine Street. With limited new construction opportunities available i

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.66%
Monthly Payment
$10,879.452
Annual Cash Flow
$-50,553.426

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