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. Schedule a Private Showing

Listing courtesy of GSREIN / LATTER & BLUM (LATT07)

Last checked: Checking… • Last updated Jul 1, 2025 • Source: GSREIN

MLS# 2509751 — Report a problem