Next Level Realty

6209 Southern Avenue

Shreveport, LA 71106

MLS#: 21219961

$55,000

Status: Active
Listing number: 21219961
Listing provided by: Pinnacle Realty Advisors
Listing agent phone: None
Last update: N/A
On site: 5 months ago
Browse Properties
Cedar Grove Add - Residential

Property

Beds

2

Full Baths

1

1/2 Baths

None

Year Built

1985

Sq.Footage

1,218

Tenant-occupied, income-producing Shreveport rental offered at $60,000. This 2-bedroom, 1-bath home is currently rented for $800 per month, producing gross rental income of $9,600 annually. Owner-reported property taxes and insurance total approximately $1,415 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,315 annually, producing estimated NOI of $7,285 and a 12.14% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. The long-term tenant has reportedly occupied the property for at least three years, and the current tenancy includes documented housing-assistance support. Continued program participation and payments are subject to program approval and buyer compliance. Built in 1985, the property contains approximately 1,218 square feet. Seller reports the home was completely remodeled before tenant placement, with improvements including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Please do not disturb the tenant. Showings must be scheduled through the listing agent. Financial information is provided by the owner and should be independently verified by the buyer

Features & Amenities

Interior

  • Other Interior Features

    Built-in Features

  • Total Bedrooms

    2

  • Bathrooms

    1

  • Basement YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.141

  • Lot Size(square feet)

    6,141

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $55,000

  • Tax Amount

    $355

  • Sq. Footage

    1,218

  • Price/SqFt

    $45

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    Caddo PSB

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    93

  • Water Source

    Public

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Location

County

Caddo

Elementary School

Middle School

High School

Caddo PSB

Listing Courtesy of Steven Pracht, Pinnacle Realty Advisors

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Agent Joe Boston

AGENT

Joe Boston

Call Joe today to schedule a private showing.

(817) 881-7100

joesrentalprops@gmail.com


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Tenant-occupied, income-producing Shreveport rental offered at $60,000. This 2-bedroom, 1-bath home is currently rented for $800 per month, producing gross rental income of $9,600 annually. Owner-reported property taxes and insurance total approximately $1,415 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,315 annually, producing estimated NOI of $7,285 and a 12.14% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. The long-term tenant has reportedly occupied the property for at least three years, and the current tenancy includes documented housing-assistance support. Continued program participation and payments are subject to program approval and buyer compliance. Built in 1985, the property contains approximately 1,218 square feet. Seller reports the home was completely remodeled before tenant placement, with improvements including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Please do not disturb the tenant. Showings must be scheduled through the listing agent. Financial information is provided by the owner and should be independently verified by the buyer

6209 Southern Avenue

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