3 SHEPARD CT Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70114
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $100
MLS Listing ID 2461163
Bedrooms 6
Full Baths 2
Half Baths 2
Construction Status Very Good Condition
HOA Y/N No
Year Built 1940
Property Description
Pictures of all portfolio properties are featured in this listing. Thank you for viewing, please read entire public remarks. This amazing townhouse style double located on a quiet cul-de-sac street in a convenient area of Algiers in an X flood zone. The interior has been updated and well maintained with features including all electric, no carpet, and very spacious rooms. Each side has 3 bedrooms and 1.5 bathrooms with downstairs having all tile floors for easy upkeep. There is a patio in back and balcony in the front of the upstairs bedroom. Shepard Ct. is conveniently located for easy access to the greater New Orleans area. Both sides are leased and is part of an amazing investment portfolio opportunity generating $259,000 annually. With rental increases and optimization of the corporate rentals, the portfolio's income could rise to approximately $512,000 annually. All future bookings will transfer with the sale, ensuring immediate income for the new owner. Each property has been meticulously renovated, offering a turnkey investment opportunity. Offered at $3.5 million, this portfolio represents a rare opportunity in a thriving market. Prospective buyers must sign a confidentiality agreement and provide proof of funds or bank approval. Although measurements are deemed reliable, they are approximate and not guaranteed by agent, broker, or seller and should be verified during due diligence. This profitable rental portfolio consisting of 2 doubles, 1 single family, 1 four-plex, and 3 fully furnished single family corporate rental properties.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Balcony
Garage Driveway
Pool None
Water Access Desc Public
Roof Type Shingle
Porch Balcony
Parking Type Driveway
Building
Lot Description City Lot,Rectangular Lot
Dwelling Type Townhouse
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 701143SHEPARDCT3A
Special Listing Condition None