Sq Ft: 6428
$3,350,000
427 GRAVIER Street, New Orleans, LA 70130, US
Remarks
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 year’s numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth.
Additional financial information available upon request.
Details
MLS#: 2461696Price: $3,350,000
Sq Ft: 6428
County: Orleans
Resources
Broker Contact
REVE, REALTORS
People smart. Home savvy.
4827 Prytania St
New Orleans, LA, 70115
US
Tracey Moore
(504) 300-0700
Website
Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Gulf South Real Estate Information Network
Last updated: 2024-11-05T10:48:09.000-06:00.
Privacy Policy