Great Rehab Deal-LRA Money Attached!!!
Grab it now!

Investors/Rehabbers the long wait is over!! Now it’s time to make your move!! This property is located at
5031 Madrid Street New Orleans, Louisiana 70126
Here is a property for sale in the Gentilly Woods/Ponchartrain Park area.  This property is right by SUNO and around the corner from UNO.  They have started cleaning up and will be reopening the golf course and the athletic center down the street.  This will only be a good deal for a buy and hold strategy because it has LRA small rental money attached to it and without it the numbers don't make sense.  The property is a 3 bed/1.5 bath.  It is gutted, brick, and on a slab. The roof is made of a slate type material and has no apparent leaks.
The property sits just under 1500 sq ft heated and is right next to some gorgeous homes.  That is fixed up. Here is the deal on the LRA small rental money:  There is 45k attached to this house.  After 5 years they will forgive 25k, followed by 4k per year for the next five years bringing the balance to zero after 10 years.  There is also a rental cap of 880 per month.  Once the repair work is completed they will fund the 45k to you. Price = 60k
This would be a simple rehab, and essentially you would be buying the house for 15,000 - Not a bad deal.

Investors / Rehabbers make an offer or bid on line Contact Johnny @
985-320-5270 or email jcastan6@bellsouth.net