503 WRIGHT Avenue, Terrytown, LA 70056

Thank you for viewing! HOW DOES 9.3% CAP RATE AND 18.3% PRO FORMA SOUND? You will also be able to see other portfolio pictures in this listing. Please read the entire public remarks...This lovely 3 bedroom/ 2 full bath home has approximately 1990 sq ft of living area not to mention an attached 2 car garage. The house has a large primary suite with 1 spacious walk-in closet and 1 additional closet, full bathroom and cozy sitting area. The home also includes separate living and dining rooms, and furnished kitchen. This house is currently leased and in excellent condition and comes with hard wood floors, ceramic tiles and laminate. Spacious backyard for outside enjoyment, with a fabulous covered patio, and storage shed.

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 $260,400. 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 $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 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.