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Archived about 5 years ago

$125,000

6+ bd 2 ba 1752 sqft

7016-18 Fig Street, New Orleans, AL 70125

Residential Duplex Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 876 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 876 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes

Marleyville-Fontainbleu Neighborhood Duplex Priced To Sell

Why Should You Jump On This Deal TODAY? Well….
• Average Sales Price in the area over the past year is $340,530.00 ($176.26 per Square Foot).
• This property has enormous potential whether you keep it as a double or convert it to a Single-Family Home.
• The majority of repairs are cosmetic. It’s structurally solid as it was renovated post Katrina.
• CENTRAL AIR WITH CAGED A/C UNITS, LARGE BACK YARD, AND PROPERTY IS LIFTED NOT ON A SLAB.
• Despite the property bursting at the seems with equity and potential, it’s in an area that will increase in value in upcoming months and years due to the fact that on just about every street in the area there are new builds and renovations taking place which is sure to ADD to the property values in the area!!

More interior and exterior pictures available upon request.

The property is literally priced to sell so let's do business people :)

Location:

7016-18 Fig Street, New Orleans, AL 70125

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.