639 garden Street
Property Description
This exceptional portfolio of five fully occupied, income-producing investment properties offers a rare opportunity to acquire five rental units on one large lot in a quiet Bossier City neighborhood. The portfolio includes one duplex (two 1-bedroom, 1-bath units) and three single-family homes (two 1-bedroom, 1-bath homes and one 2-bedroom, 1-bath home), all 100% occupied with established tenants, providing immediate, uninterrupted rental income from closing, and generating approximately $38,400 in annual gross rental income. The duplex received a new roof in 2022, while the single-family homes received new roofs around 2020. This is an attractive value-add investment with upside potential through minor interior and exterior cosmetic improvements, while the oversized lot also offers room for potential future development or additional units. Conveniently located just minutes from Arthur Ray Teague Parkway, Barksdale Boulevard, and Airline Drive, this easy-to-manage portfolio offers immediate excellent cash flow with long-term appreciation potential. The property is being sold as-is, with no repairs by the seller. Cash, DSCR, commercial, and portfolio financing are welcome. Cash buyers should provide proof of funds, and financed buyers should submit a pre-approval or lender letter demonstrating financing for an investment property or portfolio purchase. Seller is a licensed real estate agent.
Broker Details
Pinnacle Realty Advisors (318) 347-3332
MLS ID: JUNSCH State License Number: 0995696186
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $225,000 |
| No. of Units: | 5 |
| Year Built: | 1957 |
| Opportunity Zone: | No |
| Price per unit: | $45,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 5 |
ID: 3yd-NTREIS-21341260
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