Fully Renovated 6-Unit Apartment
4237 Fontainebleau Drive New Orleans, LA 70125
4237 Fontainebleau Drive, New Orleans, LA, 70125
$775,000
For Sale
$775,000
Six fully renovated units across three stories with 100% occupancy and actual gross income of $7,594 per month.
Property Size5,952 SF
Price / SF$130.21
Days on Market153
Property Features for 4237 Fontainebleau Drive
General Information
- Standard status
- Active
- Size
- 5,952 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
Bridgewater Realty Advisors, LLC
(504) 298-8631
Listed by
Mason McCullough · License #995714063
(504) 298-8631
Source
Compass
Added: Feb 18 Updated: Jul 20 at 11:03PM Checked: Jul 21 at 8:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This fully renovated, turn-key 6-unit apartment complex is configured across three stories and is 100% occupied. The six renovated units include upgrades to each unit to varying degrees, positioning the property for an owner to pursue the maximum rents supported by the local market for these unit layouts.
The building is located near the Napoleon Avenue and S. Broad Street intersection in New Orleans, Louisiana, within the Broadmoor area described in the remarks as highly sought after by prospective tenants.
From an operations standpoint, the current financials referenced in the remarks show $7,594 per month in actual gross income and consistent occupancy for the existing unit mix.
The building is located near the Napoleon Avenue and S. Broad Street intersection in New Orleans, Louisiana, within the Broadmoor area described in the remarks as highly sought after by prospective tenants.
From an operations standpoint, the current financials referenced in the remarks show $7,594 per month in actual gross income and consistent occupancy for the existing unit mix.
Key Highlights
- Fully renovated 6‑unit apartment complex across 3 stories
- 100% occupied with six renovated units
- Actual gross income of $7,594 per month
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $23.28 |
| − Vacancy | −$12.6k | −$2.12 |
| EGI | $126.0k | $21.16 |
| − OpEx | −$56.7k | −$9.52 |
| NOI | $69.3k | $11.64 |
5,952 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$989.6K
$865.9K – $1.15M
NOI $69,274 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,896 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully renovated units across three stories with 100% occupancy and actual gross income of $7,594 per month.
Where is this apartment building located?
The property is located at 4237 Fontainebleau Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully renovated 6‑unit apartment complex across 3 stories; 100% occupied with six renovated units; Actual gross income of $7,594 per month
