Property Description:
This 2-bedroom, 2-bathroom condo offers a cozy, comfortable living space spanning approximately 1250 square feet. Though it requires some cosmetic repairs and upgrades, this gem has fantastic potential to become a lucrative investment.
The current monthly rent for the property is $900 in its present condition. However, Abbott Price’s property analysis shows that the projected rental income after renovation can increase to $1,200 monthly or even more.
The complex includes two inground pools, an onsite laundry, and in-unit hookups. Condo fees are $502/m and cover ALL utilities, insurance, and exterior maintenance. Off-street parking is available for this unit.
The area provides many potential tenants, such as the faculty and staff of Alfred Bonnabel High School and the massive administration of nearby East Jefferson Medical Center.
This property is conveniently located off Veterans Blvd, with easy access to I-10, and is only 10 minutes from MSY airport.