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$ 60,000
Est. payment /mo
Active
6209 Southern Avenue Shreveport, LA 71106
2 Beds
1 Bath
1,218 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,218 sqft
Subdivision Cedar Grove Add
MLS Listing ID 21219961
Bedrooms 2
Full Baths 1
HOA Y/N None
Year Built 1985
Annual Tax Amount $355
Lot Size 6,141 Sqft
Acres 0.141
Property Sub-Type Single Family Residence
Property Description
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
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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