This amazing townhouse style double is located on a quiet cul-de-sac street in a convenient area of Algiers in an X flood zone. Unit A has just been completely and Unit B is 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. Each side has an outdoor laundry room in a separate storage closet. Shepard Ct. is conveniently located for easy access to the greater New Orleans area. Rental income is currently $2800 per month with room to increase.
This income producing double is part of an amazing investment portfolio of 7 Assets generating $272,400 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. Offered at $2.8 million, this portfolio represents a rare opportunity in a thriving market. 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 consists of 2 doubles, 1 single family, 1 four-plex, and 3 fully furnished single family corporate rental properties .Other properties addresses in the portfolio are: 1831 S. Dupre, 1831 N. Miro, 3738 Somerset, 503 Wright, 6226 Lafaye, 8002 Trapier $2.8M total
Active
$259,000
3 Shepard Ct, New Orleans, LA 70114
6beds
2,580sqft
Est.:
Townhouse, Duplex, Multi Family
Built in 1940
6,100 Square Feet Lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Patio in backQuiet cul-de-sac streetBalcony in the frontSeparate storage closetOutdoor laundry roomSpacious roomsTile floors
- 32 days
- on Zillow |
- 208 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 08:39pm
Listed by:
Darlene Plaia 504-239-1549,
WEICHERT, REALTORS - Prestige Homes 504-239-1549
Source: GSREIN,MLS#: 2461163

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Interior area
- Total interior livable area: 2,580 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
- Pool features: None
Lot
- Size: 6,100 Square Feet
- Dimensions: 50 x 122
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 701143SHEPARDCT3A
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Duplex, Multi Family
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $118,400
- Annual tax amount: $1,679
- Date on market: 8/19/2024
- Tenant pays: Electricity, Water
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