Property Description:
Single Family Flip- X-Flood Zone!
This unique investment opportunity is situated in an X-Flood zone and features 3 bedrooms and 1.5 bathrooms spanning approximately 1,100 SqFt.
The property is currently vacant and in need of a complete renovation. A recent Abbott Price property analysis indicates an estimated after-repair value (ARV) of $285,000.
Property value in Old Jefferson has been rapidly appreciating, primarily due to the proximity of Ochsner Medical Center Main Campus. The size of the lot, 50 x 130, offers substantial MLS potential with no demolition required. Lot value tear-down sales in the area have reached as high as $170,000.
Located just 10 minutes from New Orleans, and 20 minutes from MSY International Airport, this property 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): $285,000
• 3 bedrooms and 1.5 bathrooms
• Approximately 1,100 SqFt
• Lot Size: 50 x 130
• Lot value tear-down estimated at $170,000.
• Close proximity to Ochsner Medical Center Main Campus
• Just 10 minutes from New Orleans and 20 minutes from MSY International Airport