2480 N Claiborne Ave, New Orleans, LA 70117

Property Status: Available (Wholesale) | For Sale: $69,350.00


2 Bedrooms / 2 Baths / Multiple Family


2480 New Marigny Flip


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $69,350.00
Property Details:
2 Bedrooms / 2 Baths / Multiple Family
Property Style:
Duplex
Year Built:
1950
Finished Sq Ft:
1,250
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Speedee Homebuyers LLC
(504) 644-1989

View on Individual's Website
Description AMAZING Flip opportunity in the New Marigny neighborhood. X-500 Flood Zone Property is currently a double with 3 year old roof. It needs a full gut job, 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 $250,000 @ $200 per sq. ft. with rehab of $94,000 with higher end finishes which would warrant a profit of $65,150 AFTER selling costs of 8%. NET ROI % being 39.5% FINALLY, this property is Priced To SELL!!!

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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