4529 Stemway Dr, New Orleans, LA 70126 Offered in As-Is Condition - Great Investor Opportunity Located in the quiet and family-oriented Stemway Subdivision, this 3-bedroom, 1-bathroom single-family home offers approximately 1,500 square feet of living space on a 5,300 square foot lot. This property presents an excellent opportunity for investors seeking a value-add project in an established neighborhood experiencing new growth, including multiple new construction homes on the same street. The home features a spacious floor plan with an addition on the left side that serves as the third bedroom. Please note: the addition has a roof leak that has resulted in significant mold on the ceiling sheetrock, which will require full demolition and replacement. The two original bedrooms also have holes in the wood flooring that need to be addressed. A recent estimate from licensed contractors suggests approximately $10,000 in repairs to bring the home to standard condition. Previously used as a rental property, this home holds solid potential either as a long-term investment or a renovation and resale project. With new developments nearby, there is strong potential for equity growth. Key Features: 3 Bedrooms | 1 Bathroom Approx. 1,500 sq ft living area 5,300 sq ft lot Quiet, residential street Investor-friendly with renovation potential Surrounded by new construction homes This is a rare opportunity to own in a growing neighborhood at an affordable price. Don't miss out on the chance to bring this home back to life and capitalize on its potential.

Last Updated	5/6/2025	Year Built	2001
County	Orleans

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
HEAT	Central
LOT DESCRIPTION	City Lot, Rectangular Lot
LOT DIMENSIONS	5300
PARKING	Driveway
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	1
STYLE	Traditional
WATER	Public

Location

 

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