- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Concorde Condominiums on Congress?
Posted on 5/31/16 at 3:14 pm
Posted on 5/31/16 at 3:14 pm
Anyone familiar with Concorde Condominiums on Congress as an investment? Our real estate agent mentioned that a couple are coming available, but the price seems ridiculously low. Cash flow looks good, but I have no idea of their actual rent. I haven't scheduled a showing yet, just checking here before I spend any more time on it.
7
Posted on 5/31/16 at 4:15 pm to palderm
i did a quick google am i seeing the same place? 1000 sq ft for $57,000?!?!? Is that $57 a square foot???? Does it come infested with roaches or something? Thats incredible.
Posted on 5/31/16 at 4:30 pm to palderm
Been trash for a long time
Posted on 5/31/16 at 4:36 pm to tigersmanager
When were these built?
Posted on 5/31/16 at 4:48 pm to Paul Allen
Concord reminds me of the comparison a poster made about mixed use developments in the past. Basically an early 70's version of a Rouzan (shopping center in front, then businesses/offices, condos/apartments and single family homes).
Onto the topic, I'm not sure I'd buy one of those places I've used the dumpsters there a few times and they scream low rent, working class, etc. Looks almost like the same development group that did Highland Plantation (or whatever it is called now). 57k isnt bad, but it just depends on what type of landlord you want to be and the tenants you want to market to.
Onto the topic, I'm not sure I'd buy one of those places I've used the dumpsters there a few times and they scream low rent, working class, etc. Looks almost like the same development group that did Highland Plantation (or whatever it is called now). 57k isnt bad, but it just depends on what type of landlord you want to be and the tenants you want to market to.
This post was edited on 5/31/16 at 4:51 pm
Posted on 5/31/16 at 4:57 pm to palderm
Sweet alliteration, bro.
Posted on 5/31/16 at 5:40 pm to lnomm34
Posted on 5/31/16 at 6:38 pm to palderm
Go park at 5 pm on a Friday afternoon and sit until dark. I drive by there daily and I would not buy, but some rentals are just not for me.
Posted on 5/31/16 at 7:21 pm to palderm
You really need to check out the current residents to check the demographics of the complex because that is the "pool" from which you will have to pick your tenants. We bought a rental house near LSU because we wanted to rent to a professor, graduate student, etc. Our current tenant is a visiting professor and has been an excellent tenant. You can get some good deals in certain parts of BR, but then you may have to deal with less professional people as your tenants.
Posted on 5/31/16 at 11:19 pm to palderm
(no message)
This post was edited on 10/2/20 at 8:24 pm
Posted on 6/1/16 at 6:44 am to palderm
Those look ghetto as hell man, and your realtor sounds like he's trying to cut himself a quick check. Decent condos don't go for $50k. If you buy those, make sure you're packing when you go pick up rent, and expect to evict a lot of your tenants
Posted on 6/1/16 at 9:12 am to Upperdecker
quote:
your realtor sounds like he's trying to cut himself a quick check.
I'm shocked
Posted on 6/1/16 at 9:21 am to dabigfella
quote:
i did a quick google am i seeing the same place? 1000 sq ft for $57,000?!?!? Is that $57 a square foot???? Does it come infested with roaches or something? Thats incredible.
Are we talking about the single level condos on Jamestown/Congress or Bunker Hill/Congress or the older, more apartment-complex style ones a little closer to Perkins?
For that price I'm guessing it's not.
edit: Nevermind I think this are the ones on or around 3030 congress. Don't know those. I agree with the poster that said you should pay a visit and look around.
This post was edited on 6/1/16 at 9:38 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News