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

Description

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: $165,000 (Or Best Offer)
INVESTOR COMPS:

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)
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:

610 Kenmore Ave, Baton Rouge, LA 70806

Sold: $334,000 on 09/28/2023 (View Property)
702 Arlington Ave, Baton Rouge, LA 70806

Sold: $225,000 on 09/18/2023