5804 Elysian Fields Ave, New Orleans, LA 70122

3 Bedrooms / 2 Baths / Single Family

For Sale: $90,000.00

Available (Wholesale)

Contact Info

FlatOut! Property Buyers
 (504) 302-3336

View On Property Owner's Website

This property is brought to you by:
New Orleans Real Estate Investors Association


I have a Package Deal Available Now.. I'm looking for investors to buy This Single Family PACKAGE deal: The properties are located at 5754 and 5804 Elysian Fields Ave New Orleans, LA. 70122. Gentilly is the neighborhood and is a broad, predominantly middle-class and racially diverse section of New Orleans. The Gentilly neighborhood is a sought after area in that it is bounded by Lake Ponchartrain, City Park, Bayou Saint John, and the Fairgrounds. It is also a bike ride away from the French Quarter, Mid City and downtown. Total Investor price together 180,000 The properties have 3 bedrooms, 2 bathrooms and plenty of yard space. 5754 measures 1,732 square feet 5804 measures 1,887 square feet. Both land measurements are 6,150 square feet. Rehab was estimated by contractor to be $80,000 for 5754 and approximately $65,000-$75,000 for 5804. Both are in need of a total renovation. 5754 is already gutted and in need of a new roof. 5804 is not gutted, the roof is decent, but does have cracks in the slab. The ARV of the Subject properties is averaged at $230,000 respectively for 5754 Elysian Fields Ave And 250,000 respectively for 5804 Elysian Fields Ave. For longterm these properties can be rented: 5754 Elysian Fields Ave, New Orleans, LA Zestimate®: $153,365 Rent Zestimate®: $1,400 /mo 5804 Elysian Fields Ave, New Orleans, LA 70122 Zestimate®: $150,957 Rent Zestimate®: $1,250 /mo The projected cash on cash profit for 5754 is between $50,000 and $60,000 for 5804 is between $75,000 and $90,000. Assignment fee for 5754 is $9,000 and for 5804 is $11,000. *Owner does have a code Enforcement lien for taxes totaling $7,160 for 5754 $1,155 for 5804 which may be able to be waived upon purchase.. *All figures are an average estimation, and therefore figures could be slightly higher or lower for each property. To express interest or make an offer on this property please reply or preferably contact me at 504.302.3336

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independantly owned.  Click on the link above to contact the Property Owner about this property.