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Owner finance

$514,900

4654-56 Baccich St

New Orleans, LA 70122

Beds9
Baths7
Sq ft3,785
Year built1936
Rent estimate$1,470/mo
Listed by

Christopher Talbot, Talbot Realty Group · (504) 319-1452

What the listing says

Owner Financing/Bond for Deed Terms: Down Payment: 10% due at closing, Interest Rate: 5%, Amortization: 30 years Additional Principal Payment: 10% due at year 2 Balloon Payment: Remaining balance due at year 5 . Renovated Gentilly Terrace multi-family offering strong income potential. Duplex configuration (two 4BR/2.5BA units) plus detached guest suite functions similarly to a triplex. Main building approx. 3,700 SF. Main units feature hardwood floors, updated kitchens with stainless appliances, and modernized baths. Functional layouts with well-proportioned rooms support consistent leasing and multiple occupancy options. Improvements have been completed over time, and the property shows well. Detached guest suite includes full kitchen and provides additional flexibility for extended living space, workspace, or supplemental income use. Off-street parking for multiple vehicles and a low-maintenance setup. Located in established Gentilly Terrace with convenient access to the Lakefront, I-610, and the French Quarter. Photos are from prior to current occupancy. Guest suite not included in main living area.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi_family

Lot Size

5,998.212 sq ft

HOA

None

More owner-financed homes near New Orleans

Questions about owner financing in New Orleans

What is owner financing for 4654-56 Baccich St?

Owner financing means the seller of 4654-56 Baccich St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this New Orleans, LA home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this New Orleans home?

There is no standard down payment. The seller of this New Orleans home sets their own, and it is negotiable. Ask the seller or their agent.

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