3 Shepard Court

Description

HOW DOES 9.3% CAP RATE AND 18.3% PRO FORMA SOUND? 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 $260,400 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 $2.8 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.This listing also includes additional pictures of properties in the portfolio listed under MLS#2461660, MLS#2461661, MLS#2461161, MLS#2461658, and MLS#2461662, MLS#2461163.