Marilyn Michel
BEDS2
BATHS1 full
SQUARE FEET995
MLS#21219931
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONWashington Sub
SCHOOLCaddo PSB
Property Description
Tenant-occupied, income-producing Shreveport rental offered at $65,000. This 2-bedroom, 1-bath home is currently rented for $850 per month, producing $10,200 in gross annual income. Owner-reported property taxes and insurance total approximately $1,462 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,362 annually, producing estimated NOI of $7,838 and a 12.06% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. Seller reports the home was completely remodeled before tenant placement, including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Lease, payment history, expense documentation and investor operating analysis are available for review. 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
Property Features
Property Type: Residential - Single Family
Lot Size: 0.12 Acres
Year Built: 1989
Amenities
Built-in Features
Feature Descriptions
Appliances: Electric Oven
Days on Site: 123
Parcel#: 181434020001300
Parking: Driveway
Parking Notes: Driveway
Utilities: City Sewer, City Water
Local Schools
School District: Caddo PSB
Listed By / Shown By
Listed By
Agency Name: Pinnacle Realty Advisors
Agency Contact: 318-233-1045
Agent Name: Steven Pracht
Shown By
Agent Name: Marilyn Michel
Agent Phone: (318) 401-0754
Agency Title: Pelican Realty Advisors
Estimate Your Payment
Estimated Payment
$ 354.50 per month $335.54 Principal & Interest $0.00 Property Tax (data not provided by mls) $18.96 Homeowner's InsuranceChange Payment Information
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3148 Looney Street | MLS# 21219931
This single family home located at 3148 Looney Street, Shreveport, LA 71103 is currently listed for sale with an asking price of $65,000. This property was built in 1989 and has 2 bedrooms and 1 full baths with 995 sq. ft. Looney Street is located in the Washington Sub subdivision within the Caddo PSB school district. Search Washington Sub real estate on marilynmichel.pelicanra.com today.