326 Sala Avenue, Westwego, LA 70094

🔥 UNMATCHED OPPORTUNITY ON HISTORIC SALA AVENUE! 🔥

Address: 326 - 332 Sala Avenue, Westwego, LA 70094

Legal Description: LOTS 94 & 96 NOW DESIG AS LOT 96-A SALAVILLE

Plumbing Quote & Property Disclosures Found - HERE

(Assessors, Zoning Reports, Plumbing Diagram and Quote, Roofing Inspection & Quote & Property Disclosures)

OWNER FINANCE - $40,000 DOWN, 2% interest amortized for 30 years w/ balloon due on remaining balance on September, 2033.  

Price: $247,000

Down Payment - $40,000

Amount Financed - $207,000

Monthly Payment (Principle & Interest) - $765.11

Insurance - $7,500 per year

Taxes - $2.701 (Jefferson Parish & Westwego)

Total Estimated Monthly Payment - $1,615 per month (PITI)

Cashflow & Return Analysis

Down Payment - $40,000

Closing Costs - $2,500

Estimated Repairs - $80,000

All-In Expense - $122,500

Monthly income After Expenses - $3,250 (Assuming Long Term Rents - Possible more w/ Mid Term Rental or Added 2nd Bedroom)

Annual Income - $39,000

Annual Expenses (Taxes, Insurance and Water) - $12,004

Annual Debt Service - $9,181

Total Expenses - $21,185

Annual Cashflow - $17,815

Return on Investment - 14.54%

Payment due at balloon period (09/20233) - $163,303

Welcome to Westwego’s hidden gem—a multi-unit property sitting on nearly ¼ acre (.219 acres) in one of the most sought-after locations in town! Just 1,200 feet from the vibrant Westwego Farmers Market and minutes from Elmwood’s shopping, dining, and the legendary Westwego Shrimp Lot, this property is all about LOCATION, LOCATION, LOCATION!

With three units, this is an investor’s dream or the perfect canvas for a homeowner with vision. Yes, it needs work—but the potential is off the charts! Updates are needed for the roof, electrical, and plumbing (including a cracked terracotta line), and there’s some termite damage to address in the lower section of the main house and accessory dwelling. 

Whether you’re looking to renovate, restore, or reimagine, this is THE opportunity to create something truly special in one of Westwego’s most historic and desirable areas.

Don’t miss out—bring your vision and make this property shine! ✨

Property Overview

Property Type: Duplex w/ Accessory Dwelling Unit (3 units total)

Bedrooms: 3 Beds Upstairs; 1 Bed Downstairs (Possible 2nd); ADU has 1 bedroom as well (Shotgun)

Bathrooms: 3

Livable Square Footage: 2,900

Total Sq. Ft’g: 3,500

Foundation Type: Slab

Foundation Problems: Not Aware of Any

Condition Synopsis: Fair Condition

Lot & Zoning Details

Lot Size: .219 Acres

Lot Zoning:Residential

Flood Zone: X

Occupancy & Current Income Details

Occupancy Status:Tenant Occupied

Current Rents: Severely under rented.

Upstairs Unit - 3/1 - $760

Downstairs Unit - 1/1 - Currently Vacant - Was bringing in $625 in current condition.

Detached Accessory Dwelling Unit - 1/1 - $550

Potential Rents After Renovation: 

Upstairs Unit - 3/1 - $1,300 - $1,500

Downstairs Unit - 1/1 - $800 (Possibility to convert large utility room into 2nd bedroom)

Detached Accessory Dwelling Unit 1/1 - $1,000

Total Potential Long Term Rent - $3,000 - $3,500

Utility Details

Entergy/Lights Status: 3 Electric Meters - Tenant Paid - All Currently On

Water Status: Shared Water Meter - Owner Paid - On - Roughly $150 per month

OWNER/AGENT