1118 Lake Ave Condos, Townhouses & Apts for Sale, LA 70005

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Metairie Condo $99K, Bucktown-Old Metairie!

Price: 99000
Address: 1118 Lake Ave
City: Metairie
State: LA
Zip: 70005
Provided By: Real Estate Promo

Description:

Abbott Price now features a Metairie condo just one mile from Lake Pontchartrain and the bustling Bucktown neighborhood.This unit includes 2 bedrooms, 1.5 bathrooms, and approximately 950 square feet of living space. The roof was replaced post-Katrina, and a special assessment has been pre-paid for future replacement. It is currently vacant, requiring cosmetic upgrades and repairs to reach its full potential.A recent property analysis by Abbott Price indicated a potential monthly rental income of $1,300 after upgrades, with an estimated after-repair value of $140,000.The condo fees are $360 a month, covering standard area maintenance, exterior insurance, and water. The unit comes equipped with a washer and dryer, and all appliances.This condo is ideally situated between Bucktown and Old Metairie, just 10 minutes from Lakeside Mall and the CBD, making it an attractive rental property or primary residence.Investment Highlights: Potential $1,300/m rental income after cosmetic upgrades and repairs

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