Land contract
Land Contract — 3BR Single Family · New Orleans, LA
2901 Leon C Simon Blvd, New Orleans, LA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths7 / 3
Living area2,599 sqft
Lot0.19 acres
Year built1962
About this deal
Contract-for-deed opportunity in New Orleans, LA. Single Family with 3 beds and 2.0 baths, 1,936 sq ft, built 1936. Price $90,000. Buyer takes possession immediately; seller holds title until paid. Great for investors and owner-occupants who prefer installment purchases.
The numbers
- Cap rate
- 5.7%
- Net operating income
- $23,964/yr
- Cash flow
- +$1,997/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.