This property is located in the Sunset Acres neighborhood in central Shreveport. Employment centers are easily accessible and commute time during peak traffic periods are considered reasonable.
This property is a 2-story house with 2 bedrooms and 1 bath, 1,100 Sq. Ft with Central Heating and Air on pier and beam. This property is not in a flood zone. Market Rent for this property is $750 per month, it is currently vacant and ready to rent. It also has a 2-car detached garage.
Cap Rate is 13% and listed for 62 x Rent. An appraisal was done 4 years ago with values as follows: $70,100 Cost Approach and $64,500 Income Approach.
Willing to Seller Finance a portion of the purchase; $9,500 @ 3.5% on a 30-year Amortization schedule and a Balloon Payment after 5 years.
Willing to pay all the closing costs; up to $1,500.
Email if interested in adding this to your real estate portfolio.
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