Old Jefferson Single Family Flip/Tear-Down Lot Value!
This property has 2 bedrooms, 1 bathroom, approximately 900 square feet, and is in an X-Flood zone.
It is currently vacant and requires shoring work and a complete renovation. A recent Abbott Price property analysis indicates an estimated after-repair value (ARV) of $215,000.
The lot, which measures 50 x 130, has significant potential for MLS due to its proximity to Ochsner Medical Center Main Campus. The area has seen lot value tear-down sales reach as high as $170,000 without requiring demolition.
The location is ideal: just 5 minutes to Ochsner Medical Center Main Campus, 10 minutes from New Orleans, and 20 minutes from MSY International Airport. This offers a significant opportunity to maximize your investment returns in a high-growth area.
Investment Highlights:
Located in an X-Flood Zone
Estimated After Repair Value (ARV): $215,000
2 bedrooms and 1 bathrooms
Approximately 900 SqFt
Lot Size: 50 x 130
Lot value tear-down estimated at $170,000.
5-minutes to Ochsner Medical Center Main Campus
Just 10 minutes from New Orleans and 20 minutes from MSY International Airport