PIETY NEW ORLEANS, LA 70117

Features

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Facts

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Pre-Foreclosure Info

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Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Attention investors and savvy buyers. Owner will finance. 2 year balloon max, 25% down, amortized over 20 years and 6.5% rate. nHere is your chance for an income property that will keep increasing in value. nThis fixer-upper is an unique gem, featuring not one but two homes on a single lot with two separate electric meters. Located in a fast growing neighborhood, only about a 5 minute drive into the French Quarter and 10 minutes from the Central Business District of New Orleans. The property is vacant, gutted, and has a new roof. It offers the endless potential for the buyer to transform into their dream investment or personal residence. The main house is 1156 square feet currently a 3 bedroom 1 bath, and the guest house is 1 bedroom 1 bath with about 532 Sqf of living space. It has an attached garage that could be enclosed to create a second bedroom, which would also increase the living square footage to 752 Sqf and add a second bedroom. Both homes have been gutted, providing a blank canvas for the buyer to unleash their creativity. Customize both homes to suit different needs, whether it be multi-generational living, investment, income property, or simply having a separate space for guests, work, home office.