Buy 2 homes fantastic price HUGE POTENTIAL! 2912 and 2914 Convention St. are being sold together.

East Baton Rouge Parish, Baton Rouge, LA, 70806
Sold
Listed at: February 22nd, 2024
Price
$120,000
ARV
$270,000
Gross Margin
$150,000
Sq. Footage
2116
Type
Multifamily
Parking
Driveway
Year build
1950
Lot size
1.00 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

HUGE POTENTIAL! 2912 and 2914 Convention St. are being sold together.

  • 2914 Convention St.: The main house is a 3 bedroom, 2 bathroom gem with 1416 sq. ft.
  • 2912 Convention St.: A cozy 1 bed, 1 bath retreat spanning 700 sq. ft. Each address sits on its own parcel, offering the flexibility of separate sales. This presents a unique opportunity for either a fix-and-flip investor or a buyer looking to hold and rent out both units.

🛠️ As seen in the pictures, both units boast new roofs and are in excellent condition overall, awaiting an investor to take over and complete.

PROPERTY DETAILS:

  • After Repair Value (ARV): $270,000
  • Estimated Repairs: $25,000
  • Asking Price: $120,000 

INVESTOR COMPS:

  1. 802 S Eugene St, Baton Rouge, LA 70806

    • Purchase: $157,000 on 12/28/2022 by Landry Homes, LLC
    • Sold: $270,000 on 07/12/2023 after renovation. (View Property)
  2. 136 S Eugene St, Baton Rouge, LA 70806

    • Purchase: $135,000 on 10/31/2022 by Michael Paul Properties, LLC
    • Sold: $273,000 on 05/02/2023 after renovation. (View Property)

NON-INVESTOR COMPS:

  1. 610 Kenmore Ave, Baton Rouge, LA 70806

  2. 702 Arlington Ave, Baton Rouge, LA 70806

    • Sold: $225,000 on 09/18/2023

🚫 None of the above comps offer an ADU/ Second property like this unique offering does.

📞 CONTACT: Disposition Team Manager, Gary Frausto.

  • This is an as-is deal, with the buyer responsible for all escrow and title fees for the seller.

Don't miss out on this exceptional investment opportunity!

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

Brandon Hardin

No reviews

Disposition manager