Whispering Palms – Value Add Opportunity

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Location

3400 Garden Oaks Dr, New Orleans, LA 70114

Asset Class

B

Year Built

1973

Units

269

Investment Sale

Current

PROPERTY IS LOCATED WITHIN CLOSE PROXIMITY TO THE CRECENT CITY CONNECTION, THE ONLY DIRECT CONNECTION TO DOWNTOWN NEW ORLEANS. WHISPERING PALMS OUT POSITIONS THE MAJORITY OF CLASS B/C WESTBANK PROPERTIES IN RELATION TO PROXIMITY TO DOWNTOWN.

WHISPERING PALMS HAS 162 UPDATED UNITS OUT 269 TOTAL UNITS. THE UPDATED UNITS ARE ACHIEVING A RENT PREMIUM OF ROUGHLY $100-$150/MONTH COMPARATIVE TO THE CLASSIC, ORIGINAL UNITS. PROVEN VALUE-ADD TO FINISH OUT THE INTERIOR RENOVATIONS ON THE REMAINING 106 CLASSIC UNITS.

Contact

Stirling Investment Advisors
Chad Rigby
Phone: (225) 329-0265
Email: crigby@stirlingprop.com

Please execute the confidentiality agreement for further information: