πŸ”₯2.25% SUB TO PROPERTY FULLY RENOVATED IN MARRERO, LAπŸ”₯

Jefferson Parish, Marrero, LA, 70072
Sold
Listed at: January 18th, 2024
Price
$32,000
ARV
$350,000
Gross Margin
$318,000
Sq. Footage
2660
Type
Single-Family
Parking
Carport
Year build
1959
Lot size
14374.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

SUBJECT-TO

DEAL WITH AMAZING CASHFLOW

AT 2.25% INTEREST 😱


CLOSING ON OR BEFORE: 2/21/2024

$5K nonrefundable deposit needed to secure your spot.

πŸ’° Investment Details:




πŸ’²Entry Fee due at closing: $32,000

(Includes cash to seller and our fee)

-Loan Type: CONVENTIONAL LOAN

-Principal & Interest: Approx. $1,289.52

-Taxes & Insurance: Approx. $920.86

-Monthly Mortgage: $2,210.38

-Payoff Amount: Approx. $323,975.91

ARV: $350,000

- Estimated Long Term Rent: $2,600-$2,800monthly

Estimated short term rental (Airbnb)- Daily average $463


πŸ”‘ KEY FEATURES:

- Bedrooms: 4πŸ›οΈ

- Bathrooms: 2πŸ›

-Parking: CarportπŸš—

-Sqft: 2,660πŸ“

- Lot Size: 14,374 sqft 🌳

🌟 Property Highlights:

- Rehabbed, Updated/Remodeled πŸ› οΈ

-17 Min to French Quarters πŸš—


ABOUT PROPERTY:

This property is sold AS-IS!!!

- **Investment Potential**: Whether you're a seasoned investor or just starting out, this property offers an excellent opportunity for a subject-to purchase, allowing you to have a great cash flow whether you rent it or use it for short term rental, also perfect opportunity to do a wrap with the extremely low interest rate it has.





NEED TO SCHEDULE YOUR APPOINTMENT NOW?

CALL OR TEXT MICHAEL

210-898-7575


πŸ’₯YOU CAN ALSO CLICK THE WIN IT NOW BUTTON TO AVOID ALL BIDDING AND LOCK IT DOWN BEFORE SOMEONE ELSE DOESπŸ’₯



*****IMPORTANT NOTICE*****

Engaging with the seller at any point is strictly forbidden. Violators will face permanent removal from our buyer's list and will be added to a blacklist shared among major wholesalers in this region. Furthermore, such contact will be interpreted as a deliberate disruption of a contract, potentially leading to legal proceedings against you. We hold a contractual agreement with the seller of this property, making us a primary party in this transaction. We do not possess a listing agreement with the seller; this doesn't fall under a 'pocket listing.' Buyers are strongly advised to conduct their independent due diligence on properties promoted by Principal Residential Acquisitions Group, LLC. Any information provided by Principal Residential Acquisitions Group, LLC is sourced from public records and other reliable channels. It's presented in good faith; however, its accuracy is not guaranteed. Calculations like the after-renovated value ("ARV"), estimated repair expenses, and similar figures are mere approximations. Hence, buyers should personally assess all aspects of the property before making offers or purchases.

The property is sold in its "As-Is" or present condition, and the buyer is responsible for ALL closing cost expenses. All properties presented are either under our ownership, subject to a contract with equitable interest for sale, or presented in collaboration with a business partner. 

 

Agents and Wholesalers, we are happy to partner with you! Please add your fee or commission on top of our Asking Price. Before blasting our deal, please have written consent from Principal Residential Acquisitions Group, LLC.

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

Trish Nancherla

β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
No reviews

Disposition manager