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

CONTACT LISTING OWNER

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 601 W Palmetto St, Amite City LA

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in Lousiana! Check Deals in Lousiana