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$40000 / 2br - 1100ft2 - Great Rental Income, Willing to Seller Finance (Shreveport, LA)

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3218 Wagner

(google map)

2BR / 1Ba 1100ft2

house
w/d hookups
detached garage

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.
  • do NOT contact me with unsolicited services or offers

post id: 7019533643

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