Description

Call 337.230.6462 to make this your next flip!

This flood zone X property took in 6-8 inches of water in the Great Flood of 2016. 

Open walls = no surprises = Renovation ready!


This is not an assignment. Available to principal cash buyers only.

In a middle income neighborhood suitable for flip or rental. Only available "AS IS" until 6/23, then we will rehab it.

The stated ARV is just a number.  I expect the ARV to be $120-130k.

SOLD COMPS:

4/5/2017 - $120,000, 809 Sandra Dr, 70714, 3/2, 1318 sq ft, 36 DOM

4/18/2017 - $136,000, 5104 W Shilo Ave, 70714, 3/2, 1344 sq ft, 2 DOM

3/13/2017 - $121,000, 1059 Sunshine Dr, 70714, 3/1.5, 1203 sq ft, 12 DOM

The repair estimate given is just a number too.  I understand that typical repair costs range from $25-40/sq ft depending on finish selection and labor cost structure of each investor.  It is a matter of due diligence for each investor to determine a repair estimate.  These open-wall post-flood renovation projects are more predictable than other rehabs when using consistent materials and labor.

After Repair: Eligible for 100% financing! This property is eligible for USDA-RD financing that will increase the pool of retail buyers and should help it sell faster!



Property Details

Property Status Expired
Price $58,000
Estimated Repairs $50,000
Square Footage 1500
Sq Footage Source owner
Estimated ARV $125,000
Estimated Equity $17,000
Bedrooms 3
Bathrooms 2
Garage Size 2
Year Built 1978
Publish Date June 18th, 2017

Seller Information

robert.leonard@homevestors.com

Baton Rouge, Louisiana
Member since June 2016

Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.