504 Wholesale Homes504 Wholesale Homes
🔥 VALUE-ADD MULTIFAMILY IN PRIME WESTWEGO LOCATION 🔥
📍 326–332 Sala Ave, Westwego, LA 70094
🏠 3 Total Units | ~3,500 Sq Ft | 0.219 Acres
Welcome to Westwego’s newest multifamily opportunity — sitting on nearly ¼ acre in one of the most desirable pockets of the city. Just 1,200 feet from the vibrant Westwego Farmers Market and minutes to Elmwood's shopping, dining, and the iconic Shrimp Lot — this property is all about location, location, location.
With three total units, this property is ideal for an investor seeking cash flow or a homeowner with vision.
🏡 Property Breakdown:
Main House (Upper Unit):
3 Bed / 1 Bath
Original hardwood floors, tall ceilings, historic charm
Main House (Lower Unit):
1 Bed / 1 Bath
Potential to convert large utility room into 2nd bedroom
Accessory Dwelling Unit (Detached):
1 Bed / 1 Bath
~500 sq ft shotgun-style home — perfect for an in-law suite or mid-term rental
🔧 Condition Notes:
Needs updates to roof, plumbing, and electrical
Termite damage in parts of main house and ADU
Plumbing quote and property disclosures available
📈 Rental Potential (Post-Reno):
Upstairs Unit (3/1): $1,300–$1,500/month
Downstairs Unit (1/1): $800/month (more w/ conversion)
ADU (1/1): $1,000/month
Total Potential Rent: $3,000–$3,500/month
Current tenants in place (under-rented). All units on separate electric meters. One shared water meter — owner pays approx. $140–$150/mo.
💵 Financing Details:
Price: $230,000
Down Payment: $23,000
Interest Rate: 0%
Monthly Payment: $600 (Principal only)
Balloon Due: September 2033
Insurance estimated at ~$7,500/year
Taxes approx. $2,700/year
✨ Don’t miss this rare chance to revitalize a multifamily property in one of Westwego’s most historic and high-demand locations. The upside is enormous for those willing to put in the work.
📞 Call or Text Aadi at (504) 688-7216 to schedule a walkthrough or request the full disclosures.
.png)
