3 Bedroom Home For Sale in Alexandria LA- 1516 Oxford Street
Searching for a 3 bedroom home in Alexandria, La? Need a centralized location, large fenced backyard, quality landscaping, and remain under 70,000 dollars? Or perhaps you are considering investment properties in Alexandria Louisiana. Either way, 1516 Oxford Street should be on your must see list.
Why 1516 Oxford Street
- Three bedrooms mean space for everyone!
- Updated kitchen counters and plenty of storage space
- Fully fenced backyard for extra privacy
- Great location just off Hill Street. Minutes from Cabrini Hospital, Kroger's, and Bolton High School
- Large upscale blinds in all rooms
- Original hard wood flooring in most rooms.
- Low maintenance vinyl siding
- Roof recently replaced
Steps to Purchasing 1516 Oxford Street
- Contact Bayou Properties Realty (318)613-1994 for a free professional buyer consultation
- Determine how you will pay for 1516 Oxford Street. Paying cash? Simply provide a proof of funds letter from your bank. Need a loan? Relax, we can recommend several great local lenders.
- Tour the home then negotiate an offer.
- After acceptance, hire a professional home inspector.
- Negotiate any needed repairs.
- After inspections, the lender will likely order a professional home appraisal.
- Post-appraisal, title work will be ordered by the lender.
- Final walk through, then close and get the keys!
1516 Oxford Street As An Investment Property
- Great rental history
- Has commanded as high as 750 dollars per month
- Popular due to centralized location
- 3 bedrooms make the home in demand with a wide range of renters
- low acquisition price of 69,500 dollars
Popular Loan Programs In Alexandria Louisiana
- FHA-- A low-down payment option, usually only 3.5%
- VA- Loan program for veterans, 100% financing means now money down!
- Conventional-- there are conventional loan products with little as 5% down.
- Rural Development- Another 100% loan program, unfortunately 1516 Oxford Street does not qualify due to its location.
- Lease purchase/Bond For Deed-- The buyer provides a down payment, with the own acting as the mortgage company. Buyer then refinances the loan in a certain amount of time. Terms can vary greatly.
My Advice For People Wanting To Invest In Alexandria La Real Estate
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