Great Investment Opportunity in Baton Rouge, Louisiana!

East Baton Rouge Parish, Baton Rouge, LA, 70808
Sold
Listed at: February 17th, 2020
Price
$234,900
ARV
$400,000
Gross Margin
$165,100
Sq. Footage
4055
Type
Attached
Parking
Assigned
Year build
1985
Lot size
1.00 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

This single-family home is located at 2826 Lexington Dr, Baton Rouge, LA. This property is in the Bocage neighborhood in Baton Rouge, LA and in ZIP code 70808. This property has approximately 4,055 sqft of floor space. This property has a lot size of 1 acre.


Roofs repaired sealed flashing, no plumbing issues, a couple electrical switches need to be replaced, A/C serviced last year,


Rental Comps for 4 Bedrooms – $2,300 – $2,600

ARV– 400K

Est repairs – 50K

Asking Price – 234,900


Investor Play (exit strategy): A lot of equity in this deal for investors, huge potential to add value and update this massive home in a great neighborhood. This area is going to continue to see appreciation while having the benefit of taking on a good amount of equity in the purchase alone. This deal should move very quickly so bring your highest & best offer early.

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

Nick Perry

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Disposition manager