$180,000 / 5br - 3700ft2 - 4plex, can be 5 or 6 units with remodel. LSU area (Baton Rouge)

Investment property, the building probably would need to be gutted inside, foundation, roof, flooring all stable in 4 units, right now there are five but the wiring would need to be redone if you're going to keep it that way. Right by LSU. Never flooded. Right across from the new elementary School. Within the next 5 years the street will be rebuilt up for LSU students, so it's not even the building you want, but the land. The price is firm, owner refuses to negotiate. You can get anywhere from 15 to $30 a car on game days for parking. The balcony and stairs were added on, and stairs have been removed. Electrical in number four and #1 would also need to be rewired, but working on all units. No plumbing issues. You will easily double your money with this investment in the next 5 years, and in the meantime while you are renovating you can collect rent from the units you are not working on. The slumlord running it now was able to collect 500 to 600 a month in rent, so with a remodel you're looking at 7 to 800 a units easily. Expect to put $20,000 into it, or wait until the street is built up and sell it for double. Price is firm, cash sales only. The last buyer fell through because he was using a bank, they're not going to approve a loan on potential they can't see.