Fully occupied, income-producing Bossier City duplex offered at $110,000. The property contains two 1-bedroom, 1-bath units currently renting for $625 and $750 per month, producing combined gross rental income of $1,375 monthly or $16,500 annually. Current owner-reported recurring expenses include approximately $2,280 annually for professional property management and $3,168 annually for property taxes and insurance. Based on these figures, the property produces an estimated net operating income of $11,052 and a 10.05% cap rate at the asking price, before vacancy, repairs and capital reserves. Rent roll, leases and investor operating analysis are available for review. Please do not disturb tenants. All showings require 24-hour notice and must be scheduled through the listing agent. Property may be purchased individually or considered with additional seller-owned rental properties. Financial information is provided by the owner and should be independently verified by the buyer.
Listed By
Agency Name: Diamond Realty & Associates
Agency Contact: 318-746-0011
Agent Name: Desiree Davis
Shown By
Agency Title: Pelican Realty Advisors
Agency Phone: 318-522-7373
Estimated Payment
$ 599.93 per month $567.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $32.08 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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500 Mccormick Street | MLS# 21211491
This multi-family property located at 500 Mccormick Street, Bossier City, LA 71111 is currently listed for sale with an asking price of $110,000. Mccormick Street is located within the Bossier PSB school district. Search Bossier City real estate on www.pelicanra.com today.