Buy - Invest

J Square Ventures, LLC

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J Square Ventures, LLC

5919 Chef Menteur Hwy
New Orleans, LA 70126
 (504) 559-8251
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1879 N Rocheblave St, New Orleans, LA 70119

6 Bedrooms / 4 Baths / Multiple Family

Property Status:  Pending | $130,000.00 | 



HISTORIC 7th WARD TRIPLEX READY TO REHAB - SELLER PAYS CLOSING COSTS!!! (CITY APPROVED FOR 3 UNITS AND 3 ELECTRICAL PANELS!!!)


Property Status:
Pending | $130,000.00

Property Details:
Property Style:
Tri-Plex
Year Built:
1930
Finished Sq. Ft:
3,244
Garage:
2 Car Attached
Basement:
Unfinished Basement
Owner/Agent:
Individual Owner

- (UPDATE) Property recently approved/confirmed by City Zoning for 3 addresses with 3 individual electric panels

- Priced to Move!!!

- This is a rehab with HUGE profit/rental income opportunity!!!

Copy and paste below link into your web browser to access property google drive, which includes a diagram of the current layout of the property and photo walkthrough of the interior. https://drive.google.com/drive/folders/195IrZUfcEjW_JOGrKP5uHgM8ZpUhzPFk?usp=share_link

- $4,200/$50,400 potential gross monthly/annual rent (Based on area rents ($1200) for two bedroom units)

Summary_______________________

Purchase Price          $130,000

Repair Costs (est.)    $200,000

After Repair Value     $489,000

 

 

General Info_______________________

- The lower level front rooms can be redesigned to provide two off-street parking garage spots. (Property features tons of space for the designing eye!!!)

- Property has two addresses, two electrical panels/meters, and two gas meters. However, the legal description of the property identifies the property as a triplex.

- Currently framed as a triplex with two upper units and one lower unit.

-      Upper units mirror one another and have two bedrooms and one bath.
-      Lower unit has two bedrooms and two baths.
-      Each unit has plumbing for kitchen and wash rooms.


- The lower level is gutted. The left upper unit has plaster walls. The right upper unit has wood paneling.

- No central air and heating (previously utilized window units).

- Plumbing/gas is intact. Requires total eletrical wiring. Upper units' wood flooring in good condition.

- Structure is not raised and is on a slab.



* * * Property Has a Lockbox * * * Visits Available Upon Request * * *



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