Property Description:
Description
AMAZING Flip opportunity in the New Marigny neighborhood.
X-500 Flood Zone
Property is currently a double and needs a full gut job, new roof, electrical, plumbing. ARV for Single Family Homes (3/2's) sell in the range of $180-$240 per sq. ft. making this property value (depending on the renovation and finishes) to be anywhere between $243,000 - $324,000.
We've calculated the suggested selling price to be $260,000 @ $200 per sq. ft. with rehab of $104,000 with higher end finishes which would warrant a profit of $61,500 AFTER selling costs of 8%. NET ROI % being 34%
FINALLY, this property is Priced To SELL!!!