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3738 SOMERSET Drive, New Orleans, LA 70131
$425,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
2,650
sqft
Built in
1962
For your convenience, portfolio picutures are attached. Thank for viewing, please read full public remarks. This charming single-family home is nestled in the Old Aurora neighborhood. Built in 1960, this beautiful renovation features a spacious layout with approximately 2,200 square feet of living area including 4 bedrooms, 2 full bathrooms, and is being sold fully furnished! Features include stainless steel appliances, granite countertops, and a sunroom with a bar for entertaining. Sitting on a generous lot size of 8,703 square feet, it offers ample outdoor space for any type of gathering. Its location in the historic and vibrant Old Aurora neighborhood combines the tranquility of suburban living with convenient access to the rich cultural and social amenities of New Orleans. This charming house is a great opportunity for families or groups, offering an unbeatable location and plenty of amenities. Just two miles from Wal-Mart and a mere 0.2 miles from Lakewood Golf Course, it provides convenience and leisure right at your doorstep. Central New Orleans is easily accessible, being only 6.4 miles or a 10-minute drive, Uber, or ferry ride away. This exceptional rental portfolio, priced at $3.5 million, offers a diverse and profitable investment opportunity. All properties in the portfolio have been recently renovated, ensuring they are in excellent condition and ready for continued or expanded rental use. The sale includes the transfer of all future bookings, providing immediate income to the new owner. Included are 2 doubles, 1 single family, 1 four-plex, and 3 fully furnished single family corporate rental properties with incomes ranging from $259,000 annually with the potential to rise to approximately $512,000 when optimizing the corporate rentals and rental adjustments. All measurements are approximate and not guaranteed by agent/broker/seller and must be verified during due diligence. Must sign confidentiality form and show proof of funds or bank approval.
Features & Amenities
Interior
- General:
- Cable Ready,Ceiling Fans
- Kitchen:
- Dishwasher,Microwave,Range/Oven,Refrigerator,Stainless Steel Appl
- Basement:
- Slab: Traditional Found
- A/C:
- Central Air Cool
- Heating:
- Central Heat
Exterior
- General:
- Brick Siding
- Style:
- Traditional Style
Construction
- Roofing:
- Asphalt Comp Shingle Roof
- General:
- Brick Const, 2
Location
- HOA Amenities:
- 22x13
- County:
- ORLEANS
Lot
- Driveway:
- Carport Park
- Zoning:
- WEST AURORA SQ 17 LOT 23 55/78 X 122/134 3738 SOMERSET DR
- Fencing:
- Other Fence,Wood Fence
Utilities
- Utilities:
- ELEC: Entergy,GAS: Other
- Water:
- Public Sewer,Public Water
- Sewer:
- Public Sewer,Public Water
This listing courtesy of:
WEICHERT, REALTORS - Prestige Homes
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About New Orleans, LA
Housing
- Number of Units
- 211,830
- Median Home Value
- $302,277
- Median Rent
- $892
51.16% of housing units are renter occupied.
14.16% are vacant.
Commute
- Car
-
63.54%
- Public Transportation
-
4.28%
- Walk to Work
-
3.84%
- Work from Home
-
25.07%
- Other
-
1.15%
The median travel time to work is 20 minutes.
People
- Population
- 415,974
- Median Age
- 38.90
- Median Household Size
- 2.25
Education
- High School
-
22.72%
- Associate’s Degree
-
5.07%
- Bachelor’s Degree
-
21.76%
- Graduate Degree
-
17.45%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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