$895,000

1801 Adams Street , New Orleans, LA 70118

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:0.08
Year Built:--
Listing Status:Active

Listing Agent

Melissa Mcclendon
https://www.nolahome.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Turnkey Investment Opportunity with Strong Income in Prime University Area Rare opportunity to own a fully operating, income-producing property in the heart of the University area—just minutes from Tulane and Loyola. This historical gem spans three addresses: 1801 & 1803 Adams Street and 7625 Hickory Street, totaling approximately 3,143 square feet of rentable space. Currently 90% occupied, this turnkey asset brings in $10,300/month in gross rental income with only 30% in operating expenses—delivering a solid 10% cap rate. All units are rented furnished, and furniture is included in the sale. Even better, the leases include all utilities and WiFi, which makes the property especially attractive for students and short-term renters looking for convenience and value. An optional on-site storage container is also available and can be purchased separately if desired. The property has been well maintained and offers flexibility for future use. With its location, layout, and income performance, this could easily be converted to a group home, assisted living, or senior housing facility. Whether you're looking to expand your portfolio or step into a cash-flowing property with minimal effort, this one checks all the boxes.

Detailed Items

Other Information

1801 Adams Street, New Orleans, LA, 70118 is a commercial sale listing of 0 sqft on a lot of 0.08. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1801 Adams Street, New Orleans, LA
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