405 Stoner Avenue, Shreveport, LA 71101 - MLS#20838880

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Linda Peterson

[email protected] +1(817) 829-3000

$150,000

Est. payment - /mo

1 Bed

1 Bath

6,098 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision Holmesville Sub

MLS Listing ID 20838880

Bedrooms 1

Full Baths 1

HOA Y/N None

Total Fin. Sqft 3335

Year Built 1940

Annual Tax Amount $646

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Multiple Single Units

Property 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!

Location

State LA

County Caddo

Direction GPS

Interior

Interior Features Other

Heating None

Cooling None

Flooring Wood

Appliance None

Heat Source None

Exterior

Utilities Available City Sewer, City Water

Roof Type Asphalt

Garage No

Building

Story Two

Foundation Pillar/Post/Pier

Level or Stories Two

Structure Type Wood

Schools

School District Caddo Psb

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20838880

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Christopher Holloway • Pinnacle Realty Advisors

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Linda Peterson

+1(817) 829-3000

Broker Associate - Realtor | License ID: 0386837

Broker Associate - Realtor License ID: 0386837

405 Stoner Avenue Shreveport, LA 71101

Linda Peterson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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