Description
427 Gravier presents an excellent investment opportunity. This permitted hotel property features six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. Renovated in 2019 with high-end finishes, this turnkey operation is situated in a prime location"just steps away from the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District.Currently, the property enjoys a steady growth trajectory, especially in the post-COVID market, with an impressive gross operating income of $505k in 2023 and $344k YTD for 2024 with projections to surpass last years numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth.Additional financial information available upon request.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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6,428SQFT
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$544$/SQFT
School Ratings & Info
Description
427 Gravier presents an excellent investment opportunity. This permitted hotel property features six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. Renovated in 2019 with high-end finishes, this turnkey operation is situated in a prime location"just steps away from the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District.Currently, the property enjoys a steady growth trajectory, especially in the post-COVID market, with an impressive gross operating income of $505k in 2023 and $344k YTD for 2024 with projections to surpass last years numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth.Additional financial information available upon request.
Broker and Associates are licensed in the State of Louisiana, USA.
Nola Northshore Real Estate || 985-807-1117 || Mandeville, LA.
Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nola Northshore Real Estate. Data last updated: 2024-10-11T09:34:47.38.
Listing courtesy of Gulf South Real Estate Information Network.