Description
Investment opportunity! 5-plex rental property with huge potential! this 5-unit rental property is an incredible opportunity to add value and build long-term wealth. this is sold together with an 8-unit complex at 407 stoner ave that is priced separately at $250,000, totaling 13 units for a sales price of $400,000. these multi-unit buildings are ready for completion to maximize their income potential. some remodeling has already been started, but additional work is needed to bring these properties to full market potential. the 5 plex has an estimated $75,000 in renovations needed, bringing the total investment to $225,000 and could yield a market value of approximately $300,000. once fully rented, this 5 unit property has a potential annual revenue of $39,000. the 8 plex has an estimated $100,000 in renovations needed, bringing the total investment of it to $350,000 and could yield a market value of approximately $450,000. once fully rented, the 8 unit property has a potential annual revenue of $62,400. all together the sales price is $400,000 for 13 units, with $175,000 of estimated renovations needed, bringing the total investment of it to $575,000 yielding a potential market value of approximately $750,000. once fully rented the 13 units have the potential annual revenue of $101,400 -a great return on investment! whether you're a seasoned investor or looking to start your real estate portfolio, this is a rare chance to secure multi-unit rentals with built-in equity. don’t miss out!
Property Type
Residential IncomeSubdivision
Holmesville SubParish
CaddoStyle
Residential IncomeAD ID
48544333
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 1
Bathroom Information
- Total Baths: 1
- Full Baths: 1
- Half Baths: 0
Interior Features
- Other
Appliances
- None
Utilities
- City Sewer,City Water
Cooling Features
- None
Heating Source
- None
-
Exterior Features
Building Information
- Built Year: 1940
- Building Area Total: 3,335
- Construction: Wood
- Roof Type: Asphalt
Foundation
- Pillar/Post/Pier
Construction Materials
- Wood
-
Property / Lot Details
Lot Information
- Lot Size (Acr): 0.1400
- Lot Size Units: Acres
- Lot Size Square Feet: 6098.4000
Property Information
- Property Type: Residential Income
- Property Sub Type: Multiple Single Units
- Subdivision: Holmesville Sub
- City: Shreveport
- State: Louisiana
- Directions: GPS
- Property Status: Active
-
Listing Information
Listing Price Information
- Original List Price: $150,000
Listing Information
- Possession: Closing/Funding
-
Taxes / Assessments
Tax Information
- Parcel Number: 171306047001200
- Tax Block: 1
- Tax Legal Description: LOT 12, LESS R/W, BLK 1, HOLMESVILLE SUB.
- Tax Lot: 12
- Unexempt Taxes: $646
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking: 5
- Parking Features: Common
Homeowners Association Information
- HOA Type: None
-
School, Utilities & Location Details
School Information
- School District: Caddo PSB
Utility Information
- Utilities: City Sewer,City Water
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BuyOwner last updated this listing 04/18/2025 @ 22:05
- MLS: 449289784
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: NTREIS - North Texas Real Estate Information
is a Home, with 1 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.