427 GRAVIER StreetNew Orleans, LA 70130
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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.
| 2 months ago | Price changed to $3,350,000 | |
| 2 months ago | Listing updated with changes from the MLS® | |
| 5 months ago | Status changed to Active | |
| 5 months ago | Listing first seen on site |
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