There are still some grimy pockets very close to downtown that are likely to see positive transformations in the coming years similar to what has happened in Highlands, Sunnyside, Sloan Lake, RiNo, etc.

I agree and think there is another missing aspect that hasn't been mentioned.To me this property takes away the unique feel of staying in an AirBnb or VRBO, and transforms it into a glorified hotel.

Decide to take down the whole kitchen, island, master bathroom, guess bathroom and transform to..... 

We don't see a lot of commercial transformations around here.

What a transformation! 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $92,500

Cash invested: $25,000

Sale price: $168,000

MLS bargain. Quick to negotiate and pull trigger!

...

Rustoleum Cabinet transformations (Large kit $70) in cordovan with the $13.88 * 3 wainscoting on the front of the peninsula, Daisch spreadstone in onyx over existing laminate counters $125.

I loved this house, I think we did an awesome #transformation on this house, but the market chooses price.

While the Downtown/Water Campus and LSU anchors would suggest great infill opportunities along the Nicholson Corridor, as has been mentioned there is no way to know how long that transformation will take without public investment (streetcar/BRT).

@Eric Ippolito  first it takes Capital to fund the due diligence process and bring the project to shovel ready but the following steps are free and are done by you to determine feasibility.Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes,fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.