3 Beds
2 Baths
1,990 SqFt
3 Beds
2 Baths
1,990 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,990 sqft
Price per Sqft $145
MLS Listing ID 2461662
Style Traditional
Bedrooms 3
Full Baths 2
Construction Status Excellent
HOA Y/N No
Year Built 1975
Property Description
This profitable rental portfolio in New Orleans includes 2 doubles, 1 single-family home, 1 four-plex, and 3 fully furnished single-family corporate rental properties, collectively generating a minimum annual income of $259,000. Nestled in a city renowned for its jazz music, vibrant festivals, creole cuisine, and rich culture, these properties offer immense potential. 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 listing also shows pictures of other properties in the portfolio listed under MLS#2461653, MLS#2461661, MLS#2461161, MLS#2461163, MLS#2461658, and MLS #2461660.
Location
State LA
County Jefferson
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air, 1 Unit
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Oven, Range, Refrigerator
Exterior
Exterior Feature Fence
Parking Features Attached, Garage, Two Spaces, Garage Door Opener
Pool None
Water Access Desc Public
Roof Type Shingle
Porch Covered, Other
Building
Lot Description City Lot, Rectangular Lot
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Construction Status Excellent
Others
Tax ID 70056503WrightAV
Security Features Smoke Detector(s)
Special Listing Condition None
Pets Allowed No, Pet Restrictions
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Agent | License ID: 0995699842