907 Wilson Drive

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907 Wilson Drive

New Orleans, LA 70119
Asking Price
$639K
Cap Rate
6.33%
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset for sale in New Orleans, Louisiana
  • Offered at an asking price of 639000 dollars
  • The property features a verified cap rate of 6.33 percent
  • Current configuration produces a stable in-place income stream
  • Located at 907 Wilson Drive in the 70119 zip code

What's Special

Situated in New Orleans, this multifamily asset resides within a market known for its deep cultural history and consistent demand for rental housing. The property benefits from the enduring appeal of the local urban landscape, where the demand for residential space remains steady. This investment property presents a clear value proposition for those seeking to expand their portfolio within the Louisiana market. Potential investors can leverage the existing income stream generated by the property, making it a functional addition to a broader real estate strategy. The location offers accessibility to the surrounding metropolitan area, appealing to a diverse tenant base attracted to the character and economic activity of the region. As an established multifamily asset, the site provides utility for long-term hold strategies aimed at consistent cash flow in a major Southern urban center.

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NOI
$80,000
Cap Rate
12.52%
DSCR
2.11
Strong
Cash-on-Cash
21.94%
Monthly Payment
$3,161.423
Annual Cash Flow
$42,062.92

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