445 Wichita Street,Shreveport, LA 71101
Shreveport, LA 71101
Description
The seller prefers a PACKAGE SALE ONLY! 49 property, 50 unit residential portfolio in Shreveport Bossier City, LA. Seller is offering the portfolio only as one complete package and discourages individual offers. No creative financing, seller financing, subject to, wrap, lease option, or owner financed terms offered. Cash, DSCR, portfolio loan, or verifiable third party financing only. This portfolio offers immediate income with upside through lease renewals, vacant unit stabilization, and rent growth toward projected market rents. The package includes mostly single family rental homes with a mix of occupied, renewed, Section 8, and value add vacant units. Bedroom counts range from 1 bedroom units to 4 bedroom homes, with many leases extending into 2026 and 2027. According to the provided rent roll, current rental income is approximately $34,905 per month, or $418,860 annualized. Projected stabilized rent is approximately $50,056 per month, or $600,672 annually, once vacant units are leased and rents are moved closer to target levels. Estimated 2025 insurance is $24,102.92 and estimated 2025 city and parish taxes are $26,500.16. Rental income is subject to change as units may be leased, renewed, vacated, or adjusted while listed. The value add opportunity includes leasing vacant inventory, completing turns or inspections, renewing tenants at market supported rents, and tightening operations. Highlights include 50 total units, Shreveport Bossier locations, mostly SF rental housing, current rent of approximately $34,905 per month, projected stabilized rent of approximately $50,056 per month, and a mix of occupied, vacant, renewed, and Section 8 units. Financials, rent roll, property level details, and due diligence materials are available to qualified buyers upon request. Buyer must provide proof of funds or lender preapproval before receiving full documentation or scheduling property access. Please do not disturb tenants.
Details
| MLS # | 21299506 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1990 |
| Days On Site | 52 |
| Listing Provided By | Pinnacle Realty Advisors | Lee Nugent |
Features
| Story(s) | 1 |
|---|---|
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.12 |
Interior
| Cooling | Other |
|---|---|
| Heating | Other |
| Interior Features | Other |
| Appliances | Other |
Exterior
| Roof | Other |
|---|---|
| Construction Materials | Other |
| Foundation Details | Other |
Parking
| Parking Features | Other |
|---|
Utilities
| Utilities | City Sewer |
|---|
Taxes
| Tax Lot | 14 |
|---|---|
| Tax Block | 9 |
| Tax Legal Description | LOT 14, BLK 9, HOWARD COLE SUBN. 171306-44-14 |
Area Information
| State | LA |
|---|---|
| County | Caddo |
| City | Shreveport |
| Zip Code | 71101 |
| Area | Caddo |
| Community Name | Howard Cole Sub |
| School District | Caddo PSB |
| Elementary School | Caddo ISD Schools |
| High School | Caddo ISD Schools |
| Listing VS Median (in Howard Cole Sub) | |
Price: $62,000 low | high Med: $115,000 On site: 52 low | high Med: 235 | |
Market Activity 71101
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Learn More About This Property
Ven Vraniqi
Coldwell Banker Apex Realtors
689138-SALuxury Property Specialist, Accredited Buyer Representative, Accredited Seller Representation, Accredited Land Consultant, Certified New Homes Specialist, Certified Luxury Home Marketing Specialist, Relocation Specialist (214) 923-9686realtor@venvraniqi.com| State | LA |
|---|---|
| County | Caddo |
| City | Shreveport |
| Zip Code | 71101 |
| Area | Caddo |
| Community Name | Howard Cole Sub |
| School District | Caddo PSB |
| Elementary School | Caddo ISD Schools |
| High School | Caddo ISD Schools |
| Listing VS Median (in Howard Cole Sub) | |
Price: $62,000 low | high Med: $115,000 On site: 52 low | high Med: 235 | |
