Jefferson Parish Investment Opportunity!

Jefferson Parish, Metairie, LA, 70003
Sold
Listed at: July 24th, 2023
Price
$49,000
Sq. Footage
1250
Type
Condo
Parking
Off street
Year build
1978
Lot size
0.02 acres
Bedrooms
2
Bathrooms
2
Half Bathrooms
0
Summary

Call Abbott Price at 504-407-1024 to inquire.

This 2-bedroom, 2-bathroom condo on the first floor offers a cozy, comfortable living space spanning approximately 1250 square feet. Though it requires some cosmetic repairs and upgrades, this gem has fantastic potential to become a lucrative investment.

Currently, the property boasts long-term tenants on a month-to-month lease, paying $900 a month in rent. After renovation, the projected rental income is estimated to increase to $1,200 or more.

The complex includes 2 inground pools, an onsite laundry, and in-unit hookups. Condo fees cover ALL utilities, insurance, and exterior maintenance. Off-street parking is available for this unit.

The area provides many potential tenants, such as the faculty and staff of Alfred Bonnabel High School and the massive administration of nearby East Jefferson Medical Center.

This property is conveniently located off Veterans Blvd, with easy access to I-10 and 10 minutes away from MSY airport.


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

Brian Mahon

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Disposition manager