This single-family residence, situated in an X-Flood zone, offers 4 bedrooms and 2 full bathrooms on 1,300 sqft.
The home and its roof appear to be in good condition with no major visible repairs necessary at this time.
Currently tenant-occupied and is generating $1,100/month in rent. A recent Abbott Price property analysis indicates an estimated rental income of $1,800/month post-cosmetic upgrades, with a potential after-repair value (ARV) of $190,000.
This is an excellent opportunity to invest in the sought-after Marrero area. Located less than three miles from HWY 90 and West Jefferson Medical Center, with plenty of shopping and dining options nearby.
Investment Highlights:
Located in an X-Flood Zone
4 bedrooms and 2 bathrooms
Approximately 1,300 square feet of living space
Estimated After Repair Value (ARV): $190,000
Potential rental income of $1,800/month after upgrades
The roof is approximately 10 years old
Only cosmetic upgrades are needed