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$ 65,000
Est. payment | /mo
2 Beds
1 Bath
995 SqFt
$ 65,000
Est. payment | /mo
2 Beds
1 Bath
995 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 995 sqft
Subdivision Washington Sub
MLS Listing ID 21219931
Bedrooms 2
Full Baths 1
HOA Y/N None
Year Built 1989
Annual Tax Amount $420
Lot Size 5,401 Sqft
Acres 0.124
Property Sub-Type Single Family Residence
Property Description
Tenant-occupied, income-producing Shreveport rental offered at $65,000. This 2-bedroom, 1-bath home is currently rented for $850 per month, producing $10,200 in gross annual income. Owner-reported property taxes and insurance total approximately $1,462 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,362 annually, producing estimated NOI of $7,838 and a 12.06% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. Seller reports the home was completely remodeled before tenant placement, including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Lease, payment history, expense documentation and investor operating analysis are available for review. 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
Location
State LA
County Caddo
Direction Google maps
Rooms
Dining Room 1
Interior
Interior Features Built-in Features
Appliance Electric Oven
Exterior
Carport Spaces 1
Utilities Available City Sewer, City Water
Garage No
Building
Story One
Level or Stories One
Schools
School District Caddo Psb
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Listed by Steven Pracht • Pinnacle Realty Advisors
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