WHOLESALE INVESTMENT PROPERTY: This property is a Historic style single family home converted to duplex. However, the second unit is in the rear of the property, and can reconverted back to single family status if desired, or left as-is for rental purposes. Rear unit is currently occupied by a Section-8 tenant. The forward Unit is vacant due to pending sale(Previous tenant was Section-8). $1,500/mo. from section 8 were being received when both units were occupied. House requires some TLC. Estimate of repairs to look very nice are 45,000. (Leveling, paint, kitchen/bathroom renovation, trim, windows, flooring, roof, A/C condenser) ARV fixed up nice is estimated at $190,000 (185,000 conservatively) =$65,000-$70,000 Profit fixed and sold immediately (Demand in Marginy is High, especially with historic style homes as this) ...Or buy and hold for a couple years and make a substantially larger profit. The property value is skyrocketing in the Marginy area of New Orleans. This house is south of I-10, with side parking and just a 6 minute bike ride to the French Quarter...ON FRENCHMAN ST You can't Lose with this one.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
