Property Description:
Property Details
3 Bedrooms / 1 Bathroom
1,190 Sq Ft
Large 32 x 160 lot (5,120 sq ft) - largest lot on the block
Built 1920 – classic New Orleans architecture and original shotgun house
Frame construction
Side ramp access (possible accessibility opportunity for wheelchairs, strollers, and scooters)
Former home of the late Tom Benson, owner of the New Orleans Saints.
Free & Clear Title
Taxes owed - $10,800 (seller will pay off via escrow at closing)
100% Equity
The extra-deep lot offers flexibility for outdoor space, parking, ADU or creative design upgrades.
*After renovation, the home can be registered under Historical sites due to its deep roots with the New Orleans Saints NFL team and late owner Tom Benson. (article available in investor kit)
💰 Investment Potential
Estimated Market Numbers
Estimated Current Value: ~$163K
Estimate Rehab ~ $75- $95K
Estimated Rent: ~$1,962 - $2100 /month
Strong upside with renovation (and ADU)
ARV ~ $163K - $205K (based on your level of rehab and/or ADU added)
Exit Strategy - Fix & Flip or Buy & Hold MTR/ LTR