🔥 NEW DEAL🔥 New Orleans LA 70117 🔥 RENTS $1950/MTH 💰 Asking $105k 💰 NEAR BOURBON STREET💰See VIDEO Walkthrough in Description ⬇️⬇️

Orleans Parish, New Orleans, LA, 70117
Sold
Listed at: October 23rd, 2023
Price
$105,000
ARV
$250,000
Gross Margin
$145,000
Sq. Footage
1185
Type
Single-Family
Parking
Street
Year build
1885
Lot size
3776.00 sqft
Bedrooms
1.5
Bathrooms
1
Half Bathrooms
0
Summary

Welcome to a prime investment opportunity in the heart of the vibrant New Orleans, Louisiana, just a stone's throw away from the world-renowned Bourbon Street. This charming home presents a unique chance to own a piece of the iconic French Quarter, making it an ideal property for investors looking to tap into the city's bustling real estate market.

Property Details:

  • Location: Situated within walking distance of Bourbon Street, this home offers a fantastic and highly desirable location, ensuring a steady stream of potential tenants and tourists seeking the New Orleans experience.
  • Utilities: Electric, gas, and water/sewer services are still active, offering convenience and immediate utility access.
  • Heating and Cooling: The water heater and furnace operate on gas, ensuring energy efficiency for tenants. Additionally, the property features central air conditioning, enhancing comfort in the New Orleans climate.
  • Flooring: Enjoy a mix of wood and vinyl flooring throughout the property, creating a warm and low-maintenance living space.
  • Privacy: A wood fence encloses the property, ensuring privacy and security for residents.
  • Interior Layout: As you step inside, you enter a spacious bedroom, followed by a den, offering versatile living arrangements and the potential for comfortable multi-purpose spaces.
  • Appliances: The property comes with a refrigerator, stove, and microwave, providing added convenience for tenants and making it a more attractive rental opportunity.
  • Cosmetic Needs: Although the property has cosmetic imperfections, such as a leaning pillar on the side of the house and a roof in need of repair, these present an opportunity for investors to enhance the property's value through renovation.
  • Flooring Variety: The property boasts a mix of hardwood, vinyl, tile in the bathroom, and carpet in the living room and den, catering to various tenant preferences.
  • Bedroom and Den: With one bedroom and a den, this home is suitable for singles, couples, or small families, making it appealing to a wide range of potential tenants.
  • Outdoor Storage: A storage shed in the back provides additional space for tenants to store their belongings, a practical feature that can make this property even more attractive.

Don't miss out on this investment property located within walking distance of Bourbon Street. Its location, utilities, and interior features make it a promising investment opportunity in the heart of New Orleans. With a little TLC, this property has the potential to offer a steady stream of rental income of $1950/month while allowing you to capitalize on the city's rich cultural and entertainment scene. Act now and make this property a part of your investment portfolio!

Videos

Video Walkthrough

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Kevin Kist

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Disposition manager