320 Saint Patrick St in Houma is a 3-bed, 2-bath brick home with 1,800 sqft, listed at $67.5K. It needs renovation, but the price per sqft is extremely low (about $38), way below neighborhood averages. Nearby comps are much smaller (1,000–1,300 sqft) and sell for $100K–$160K, while larger homes in similar condition are valued over $100K. However, the property sits in a high flood risk zone (FEMA AE, 7/10 risk), which could impact insurance costs and buyer demand.
If you're an investor, this property could offer solid flip potential due to its low entry price and larger size. Prioritize flood-proofing, updating major systems, and cosmetic upgrades to attract buyers. For current owners, focus on key renovations—think kitchen, baths, and curb appeal—to boost sale value, but be mindful of the flood risk when marketing.