J Square Ventures, LLC
This listing was posted on J Square Ventures, LLC (via Real Estate Promo).
HISTORIC 7th WARD TRIPLEX READY TO FLIP
6 BR, 4 BA
1879 N Rocheblave St, New Orleans, LA
- Located in an up and coming area with new construction (on the same street)!!!- Unit has the potential to provide two off-street parking garage spots!!!- This is a HEAVY rehab, with HUGE profit opportunity!!! Summary_______________________ Purchase Price $215,000Repair Costs (est.) $125,000After Repair Value $489,000** Valuation based on $153 sqft. Price per square foot based on sales approach of appraisal performed in February 2021 of property on N. Rocheblave within 0.25 miles of listed property. Income approach, from same appraisal, values the property at $472,500. Comps:_____________________________ 1) 1669 N Dorgenois Street (70119) - SOLD for $613K (11/23/2021)- 2,805 Sqft- 0.3 miles away 2) 1617 N Miro Street (70119) - SOLD for $626K (8/24/2021)- 3,725 Sqft.- 0.4 miles away 3) 2812 Desoto Street (70119) - SOLD for $920K (12/08/2021)- 3,390 Sqft.- 0.9 miles away General Info_______________________ - The street currently has two new construction projects (one completed and one in-progress) and another rehab under way.- The lower level front rooms can be redesigned to provide two off-street parking garage spots. (Property features tons of space for the designing eye!!!)- Property has two addresses, two electrical panels/meters, and two gas meters. However, the legal description of the property identifies the property as a triplex.- Currently framed as a triplex with two upper units and one lower unit. - Upper units mirror one another and have two bedrooms and one bath. - Lower unit has two bedrooms and two baths. - Each unit has plumbing for kitchen and wash rooms. - The lower level is gutted. The left upper unit has plaster walls. The right upper unit has wood paneling.- The roof does not leak but is at least 17 years old. - No central air and heating (previously utilized window units). - Plumbing/gas is intact. Requires total eletrical wiring. Upper units' wood flooring in fair condition. - Structure is not raised and is on a slab. * * * Visits Available Upon Request * * * * * * Additional Photos Available Upon Request * * *
Multi-Family Residences for Sale
3,244 sq. ft.
For sale by:
J Square Ventures, LLC
July 16 on Real Estate Promo