3148 Looney St, Shreveport, LA 71103
- $60,000
- 2
- BD
- 1
- BA
- 995
- SqFt
- List Price
- $60,000
- Price Change
- ▼ $5,000 1787799893
- MLS#
- 21219931
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Detached
- Year Built
- 1989
- Bedrooms
- 2
- Full Baths
- 1
- Acres
- 0.12
- Living Area
- 995
- County
- Caddo
- City
- Shreveport
- Subdivision
- Washington Sub
- Number of Stories
- 1
- Architecture Style
- Detached
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
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Additional Information
- Unexempt Taxes
- $420
- Lot Size
- 5,401
- Acres
- 0.12
- Stories
- 1
- Pool Features
- None
- Carport Spaces
- 1
- Parking Garage
- Driveway
- School District
- Caddo Psb
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Steven Pracht from Pinnacle Realty Advisors. Contact: 318-233-1045
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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