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2703 Jerome Lane , Shreveport, LA 71107

$70,000
  • 2703 Jerome Lane , Shreveport, LA 71107 Main Photo

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Active
BEDS0 BATHS MLS#21302360
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONEvelyn Heights SCHOOLCaddo PSB

Property 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.

2703 Jerome Lane | MLS# 21302360

This multi-family property located at 2703 Jerome Lane , Shreveport, LA 71107 is currently listed for sale with an asking price of $70,000. Jerome Lane is located within the Caddo PSB school district. Search Shreveport real estate on www.pelicanra.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Lot Size: 0.21 Acres
Roof Type: Other
Year Built: 2006

Amenities

Other

Feature Descriptions

Appliances: Other
Days on Site: 28
Flooring: Other
Parcel#: 181420019001500
Parking: Other
Parking Notes: Other
Units: 1
Utilities: City Sewer

Local Schools

School District: Caddo PSB

Listed By / Shown By

Listed By

Agency Name: Pinnacle Realty Advisors
Agency Contact: 318-233-1045
Agent Name: Lee Nugent

Shown By

Agency Title: Pelican Realty Advisors
Agency Phone: 318-522-7373

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Estimated Payment

$ 381.77 per month $361.36 Principal & Interest $0.00 Property Tax (data not provided by mls) $20.42 Homeowner's Insurance

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