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Owner finance

$309,000

4703 Music St

New Orleans, LA 70122

Beds4
Baths2
Sq ft2,496
Year built1964
Rent estimate$2,837/mo
Listed by

Stephanie Lewis, Real Broker, LLC · (985) 288-7670

What the listing says

Spacious two-story property features high ceilings, 4 beds, 2 bathrooms, including an expansive second floor that offers for a private primary suite, sitting area, office, or dressing room. A major highlight is the fully detached garage apartment, currently producing $950 per month in rental income an excellent opportunity for supplemental income, multigenerational living, or a private guest suite. The main house is ready for its next owner s vision and will benefit from a new roof, an updated downstairs bathroom, fresh paint, and general TLC. The air-conditioning system is currently functioning but may need replacement within the next few years. The property also has known structural concerns that buyers should independently evaluate; however, the owner has observed very little noticeable movement during the past 12 years. With generous living space, a separate income-producing apartment, and plenty of potential to add value, 4703 Music Street is a unique opportunity for a homeowner, investor, or renovation-minded buyer. OWNER FINANCING/Bond for Deed is an option. $25,000 down, 30-year, 8.0%, no early payoff penalty. Seller is Owner/Agent

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

Single Family

Lot Size

5,950.296 sq ft

HOA

$2/mo

More owner-financed homes near New Orleans

Questions about owner financing in New Orleans

What is owner financing for 4703 Music St?

Owner financing means the seller of 4703 Music 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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