Searching for an affordable yet charming investment property? This Cute Three Bedroom Affordable Louisiana Home for $55K in Alexandria is a prime opportunity.
This delightful three-bedroom, one-bathroom home beckons with its charm and economic value, priced attractively at just $55,000. Not only does this property possess appealing aesthetics with a welcoming front porch and intricate dentil work, but it also boasts practical features that make it suitable for both families and investors. The balanced combination of comfort and affordability makes this home a smart investment choice.
Currently generating $700/month in rental income, the property has established tenant occupancy for the past five years. This rental situation offers financial stability to prospective buyers looking for an investment that pays off. With a history of solid returns and a reliable tenant, this home stands out as a viable investment opportunity.
Location of This Affordable Louisiana Home
Situated in central Louisiana, Alexandria is known for its lower cost of living, making it an attractive spot for families and investors alike. Here are some advantages of choosing Alexandria as your next investment location:
- Central Location: Alexandria serves as a hub within Louisiana, making commuting easier for both work and leisure.
- Lower Cost of Living: Residents enjoy economic benefits compared to larger cities, providing a more comfortable lifestyle.
- Cultural Heritage: The city's rich cultural blend of Creole, Cajun, and Southern influences makes it an appealing place to live and invest.
- Outdoor Recreation: With nearby attractions like the Alexandria Zoological Park and Kisatchie National Forest, there are plenty of options for outdoor activities.
- Transport Links: The Alexandria International Airport offers convenient access for travel, enhancing the city’s attractiveness.
- Education Opportunities: Featuring several higher education institutions, including Louisiana State University at Alexandria, the area supports educational growth.
- Healthcare Access: Central Louisiana's medical hub, with multiple hospitals and healthcare facilities, ensures that quality medical care is nearby.
- Art and Culture: Alexandria has a growing arts scene with regular museums and cultural events, enriching community life.
Pros and Cons of Living in Alexandria
Before committing to an investment, it's wise to weigh the pros and cons of Alexandria:
Pros:
- Affordable property options like this Cute Three Bedroom Affordable Louisiana Home for $55K.
- An abundance of outdoor recreational sites nearby
- A unique cultural landscape offering diverse experiences.
Cons:
- Limited employment opportunities compared to larger urban centers.
- Higher crime rates than the national average in some areas.
- Challenging weather, with hot, humid summers.
- Vulnerability to severe weather events, including hurricanes.
- A less diverse economy that historically relies on military and healthcare sectors.
- Limited entertainment options compared to larger cities such as New Orleans.
- Public transportation infrastructure may not meet all residents' needs.
- The educational system faces various challenges typical of smaller cities.
- Some economic struggles are present in specific neighborhoods.
- Distance from major metropolitan centers, approximately three hours from both New Orleans and Houston.
Features of the Property
Noteworthy features of this three-bedroom, one-bath home include:
- Size: At 1,348 square feet, the home is spacious enough to accommodate a small family or as a rental unit.
- Modern Amenities: The home comes equipped with a gas stove and water heater, central air conditioning, and heat.
- Living Space: There are two cozy living areas, perfect for relaxing or entertaining.
- Fenced Backyard: The exterior boasts a fenced backyard, a great advantage for families or pets.
- Off-Street Parking: With two parking spots available off the street, convenience is a priority.
- Utilities and Updates: The property has city water and sewer, with a history of updates dating back to 2008, ensuring a level of modern comfort.
If this Cute Three Bedroom Affordable Louisiana Home for $55K sounds like a perfect fit, reach out to the realtor for more information or consult your agent of choice. Remember, independent verification of details and property status is highly recommended to ensure a secure investment.
For more information about this charming property, visit 2044 Turner St, Alexandria, LA 71301, and seize the moment to invest in a home with significant potential. This house isn't just a place to live, but a smart addition to your real estate portfolio.