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Light rehab

6-Bed Light-Rehab Duplex

New Orleans, LA

$146,500After-repair value · $220,000
Beds6
Baths2
Living area2,775 ft²

A 2,775-square-foot multifamily property with a reported after-repair value of $220,000 and a light-rehab scope estimated at only $5,000–$15,000 creates a compelling value-add profile. The combination of substantial living area, six-plus bedrooms, and limited renovation needs gives investors multiple ways to pursue the asset while keeping the improvement plan manageable. The Numbers: • 2,775 SQ FT across a multifamily property with 6+ bedrooms and 2 bathrooms • Reported ARV: $220,000 • Repair estimate: $5,000–$15,000, focused on cosmetic improvements • Minimum earnest money deposit: $3,000 • Four supplied range from $205,000 to $225,000, supporting the stated ARV range Property Details: • Duplex-style layout noted as approximately 3 bedrooms and 1 bathroom per side, offering flexibility for separate-unit occupancy or other configurations. • Occupied condition may support an existing income strategy, subject to verification of occupancy and lease details. • Light rehab profile includes paint, flooring touch-ups or updates, minor fixtures, lighting, vanities, and hardware—rather than a major structural renovation. • New or under-five-year roof, central air conditioning, slab foundation, and a foundation reported in good condition reduce exposure to several major capital items. • Central heating is reported at 11–15 years old and should be evaluated as part of diligence. • Driveway parking adds practical usability for a two-unit property. Comp Support: Four provided sales closed between $205,000 and $225,000, offering direct support for the projected $220,000 ARV and the thesis that targeted cosmetic work may be sufficient to improve marketability and value. Nearby Comparable Sales 7102 Bunker Hill Rd, New Orleans, LA 70127 — Sold for $225,000 7122 Bunker Hill Rd, New Orleans, LA 70127 — Sold for $212,500 7133 Boston Dr, New Orleans, LA 7012 — Sold for $210,000 7001-7003 Yorktown Dr, New Orleans, LA 70127 — Sold for $205,000