Investing in real estate has always been an attractive option for those looking to diversify their portfolio and generate passive income. And if you’re considering investing in a rental property, you might want to consider this Louisiana investment property for sale.
Located in a flood zone AE, this two-bedroom, one-bathroom home is currently occupied by a tenant who is paying $550 per month. That means you can start generating rental income from day one. And with an open floorplan and a large kitchen, this home is likely to attract tenants who are looking for comfortable living space.
The property also includes washer/dryer hookups and a large backyard, which is great for tenants who like to spend time outside. However, it’s important to note that all measurements are approximate and subject to verification.
It’s worth mentioning that this home will not qualify for FHA financing, so you’ll need to explore other financing options if you’re interested in purchasing this property. Additionally, the seller will not make any repairs, so you’ll need to budget for any necessary repairs or renovations.
Another important consideration is that the property is tenant occupied, and you’ll need to provide 24-hour notice for all showings. This can be a bit of a hassle, but it’s a common practice in the rental property market.
Finally, it’s important to note that one of the sellers is a licensed agent in the state of Louisiana. This means that they have a vested interest in the sale of this property, but it also means that they have a wealth of knowledge and experience when it comes to the local real estate market.
In summary, this Louisiana investment property for sale is a great opportunity for investors who are looking to generate rental income. With a tenant already in place, you can start earning passive income immediately. Just be sure to budget for any necessary repairs or renovations, and be aware of the property’s flood zone status. With the right approach, this property could be a profitable addition to your investment portfolio.
512 Emerald Street, Lake Charles, LA 70601