$249,000

Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.