Rental Property New Orleans No Flood Insurance NEEDED!!

Description

2 bed 1 bath 835sqft , Flood Zone X

Currently Occuiped $850 below market rent 3 year tenant

market rent $ 1100 – $1250

could use minor updates not much if you will keep it as a rental. Roof in decent shape , hot water heater ans ac unit is working properly.

Buyer is responsible for own due dilligence

ARV 145k-155k

Comps Used !!!

5703 Chartres st 2/1 1086 sqft slightly rehabbed sold: 149k 9/23

6139 Chartres st 2/1 836 slightly rehabbed
Sold: 160k 2/2/23 best comp to use

As is comps considered but not used

513 Andry st 2/1 880 sqft as is not rehabbed needs work
Sold: 119k 2/1/24

5122 Chartres st 3/2 975 fully gutted
Sold: 70k 1/24/24

705 Tricou st 2/1 1057 sqft fully gutted
Sold 110k 2/9/24

ONLY FULLY REHABBED PROPERTY IN THE AREA CHECK THIS COMP OUT ( wasn’t used )

515 Alamo st 1
/1 1055 sqft fully rehabbed
Sold 205k 11/2/23