• Year built: 1955
  • Lot size: 8760 sq ft
  • Area: 1210 sq ft
  • Bathrooms: 1
  • Bedrooms: 3
  • Owner Financing Available : Yes

Description

Check out this fixer upper located at 2426 Alma St Alexandria, LA 71301.  This former REO / bank owned home is a handyman special that needs work and some TLC.  We’ve priced to sell and comes with a great amount of built in equity. We are motivated and must sell this property to make room for new inventory so make an offer.  Sold as-is.

Call 321-286-8253 EXT 4 and ask for Mike

Owner financing is available to qualified buyers with good down payment.

Submit your offer at www.OdellBarnesREO.com/Make-An-Offer

Or apply for owner financing at www.OdellBarnesREO.com/Apply-For-Owner-Financing

Address:  2426 Alma St Alexandria, LA 71301

3Beds / 1 Bath Sq Ft

Cash Price:  $19,000 or best offer

Financing Available:  $1500 down $278.28 a month

Average Rents in Area:  $775

3 Comparable Sales:

2439 Alma Street, Alexandria, LA 71301

2435 Alma Street, Alexandria, LA 71301

313 24th Street, Alexandria, LA 71301

 

Fix up and make a rental:

$18,000 purchase price

$500 closing costs

$10,000 estimated repairs

Total Invested:  $28,500

Gross Annual Rent:  $775

Insurance Cost $1000 yr

Property Tax Cost $1000 yr

Mgmnt Co: $920 (10% of gross rents)

Vacancy:  $750 (10% of gross rents)

Repairs / Maintenance:  $ 750

Cash Buy NOI: $17,500

Owner Finance NOI:  25%

 

Key Words:  Fixer upper, Needs work, TLC, Handyman Special, Bank Owned, REO, Auction, Must Sell, Motivated, Estate Sale, Equity, As-Is, Owner Financing, Seller Financing, Seller Carry, Lease Option, Rent to own

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