Awesome Investment Property, Below Market Value

601 W Palmetto St, Amite City, LA 70422

$70,000 After Repair Value -
$30,000 Asking Price -
$25,000 Cost of Repairs =
$15,000 Potential Profit

Property Details

Asking Price $30,000

After Repair Value $70,000

Costs of Repairs $25,000

Potential Profit $15,000

Living Area 1508 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 2

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $850

Yearly Expenses $6,700

Property Taxes $375

Net Operating Income $292

Cap Rate N/A

Property Description

601 W Palmetto Street, Amite City, LA 70422

Asking Price - $30,000

2 Bed / 1 Bath

1,508 Square Feet

Fenced-in Corner Lot

Minutes away from historic, downtown Amite City.

Great investment property priced well below market value.

Repairs Needed

Property will need the follow repairs: \r\nNew Roof: $5,400 \r\nNew Windows: $1,200 \r\nNew Plumbing: $5,000 \r\nNew Electrical Panel and Rewire: $3,000 \r\nNew Kitchen Appliances: $1,200 \r\nInterior Paint: $3,000 \r\nNew Flooring: $4,500 \r\nCleanout and Miscellaneous: $2,000


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