$39,000 · NEW ORLEANS, LA 70114
Works for flippers · Works for landlords

Available

$39,000Asking price

3 bd · 1 ba · 1,537 sq ft · built 1951

NEW ORLEANS, LA 70114

Contract on file

via InvestorLift Classic

5 views · listed Nov 5

Works for flippers

Works for landlords

Flip

Rental

Sells for (ARV)From the listing: $175,000
Asking price: −$39,000
RepairsMiddle of the seller’s $60,000 – $80,000. Ours: $77,000 – $128,000: −$70,000
Loan, holding, closing20% down, 12% interest, 2 points, 88 days: −$7,947
Profit33.2% of ARV · flippers want 10%+: $58,053
Works

Works for a flipper up to $76,000.

ALLIED ADVANTAGE PROPERTY GROUP LLC

Mauricio Roque

No reviews yet

Sales

Rents

ARV $175,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $97,000.

The sales behind this value are shown to members.

ARV $175,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ALLIED ADVANTAGE PROPERTY GROUP LLC

Mauricio Roque

No reviews yet

1. PROPERTY OVERVIEW AND HIGHLIGHTS

Property Overview:

Property Highlights:

Located in Algiers (Fischer Dev / Behrman area), New Orleans, LA 70114
Solid 1951 brick shell already gutted — ready for your scope
Functioning plumbing and electrical (recently certified for RV hookup)
Zoning: S-RD (Suburban Two-Family Residential) — potential single-family rehab or two-family conversion (buyer to verify)
Probate / assignment deal, vacant, flexible closing (target Nov 19, 2026)
Strong cash-flow or flip opportunity in a high-demand New Orleans submarket

2. REPAIRS REQUIRED

Repairs Needed:

Full interior finish-out (house is already gutted / sold as-is)
Needs complete kitchen, bathroom(s), flooring, paint, fixtures, lighting, and interior finishes
Estimated Repair Costs: $60,000 – $90,000 (depending on finish level and any hidden exterior/mechanical issues)

3. ARV BREAKDOWN

ARV – $175,000 based on comps:

2024 Lamarque St, New Orleans, LA 70114 — 3 Bed / 2 Bath, 1,350 sqft, sold for $151,500 on 12/08/2025
250 Wagner St, New Orleans, LA 70114 — 3 Bed / 2 Bath, 1,174 sqft (renovated), sold for approximately $211,000 on 11/18/2025 ($180/sqft)
Nearby renovated 3-bed homes in 70114 commonly trade in the $140k–$180k range after updates

Potential Returns:

All-in cost roughly $110k–$135k (purchase + repairs + closing/holding)
Opportunity for $20,000 – $40,000+ profit on a well-executed flip, or solid long-term rental cash flow in Algiers
Easy access to Crescent City Connection, downtown, and Federal City

Remember, you miss 100% of the shots you don’t take — don’t hesitate to submit that offer!

4. CONTACT INFORMATION

Call or text Nick today at 380-249-8210 Email: nick@cardinalhouses.com