Investment Properties For Sale In Alexandria La-1516 Oxford Street

Investment Properties For Sale In Alexandria La-1516 Oxford Street

Ready to invest some money into the Alexandria Louisiana real estate market? Yearning to be the landlord instead of the renter? Perhaps purchasing homes to rehab and flip is more to your taste. Either way Alexandria and Pineville offer attractive options. Let's take a closer look at what 1516 Oxford Street has to offer...

• Three bedrooms mean the unit is attractive to a large segment of the renter population.
• Great location just off Hill Street allows easy access to shopping and popular workplaces.
• Hardwood flooring, both an attractive upgrade and none of the fuss of carpet.
• Wood Fencing in the backyard means extra privacy.
• Solid rental history from 775-825 a month.
• Updated HVAC system means no window units!
• Modest asking price of 74,900 dollars

Questions Every Potential Landlord Should ask

• Do I have the financial resources-- Owning investment  property requires more than the purchase price. Ask yourself, "If the HVAC goes down tonight, could I write a check for a replacement system in the morning?" If the answer is 'no", being a landlord is not for you.
• Who will manage the property-- Will you take calls/collect rent/listen to complaints yourself or hire a professional? If doing it yourself, make sure you have the flexibility to take calls during the day and evening.
• What sort of property should I purchase-- A "cheap house" can get expensive in a hurry. Likewise, the margins can get real thin on a "turn-key property." Most investors seek a balance.
• Am I prepared to enforce the lease-- What happens when the nice renter misses a payment? Are you prepared to make a collection call? Are you will to post an eviction notice on the front door? If not, rental properties may not be the best use of your resources.
• How many properties should I purchase? And when?-- Investors can get in over their heads by expanding too quick. On the other hand one rental home does not a nest-egg make.

What to see how 1516 Oxford Street Compares similar homes on the market? Go to Alexandria Homes

to explore the Central Louisiana MLS for free!

A Closer Look At The Alexandria La Real Estate Market