416 Colquitt Street
Property Description
Fully occupied Bossier City triplex offered at $179,900, representing an investor basis of approximately $84.86 per square foot. Three 1-bedroom, 1-bath units currently rent for $600, $700 and $700, producing combined gross rental income of $2,000 monthly or $24,000 annually. All tenants are current, and two of the three tenancies include documented third-party rent support. Payment history is available to qualified buyers with appropriate privacy redactions. Tenants pay all utilities. Owner-reported city and parish taxes plus property insurance total approximately $1,052 annually. For conservative underwriting, a $75-per-unit monthly management allowance produces estimated pro forma annual expenses of $3,752, NOI of $20,248 and an 11.26% cap rate at the asking price, before vacancy, repairs and capital reserves. Seller reports that the property was comprehensively renovated in 2021 by a professional contractor using applicable permits and inspections, including complete replacement of the plumbing and electrical systems, a new roof and extensive additional improvements. Rent roll, leases, payment history, investor analysis and available renovation documentation may be reviewed. Please do not disturb tenants. All showings require 24-hour notice and must be coordinated through the listing agent. Property may be purchased individually or considered with additional seller-owned rentals. All information is owner-provided and should be independently verified.Broker Details
Diamond Realty and Associates (318) 746-0011
MLS ID: DESDAV State License Number: 0995695418
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $179,900 |
| No. of Units: | 3 |
| Year Built: | 1942 |
| Opportunity Zone: | No |
| Price per unit: | $59,967 |
| Property Website | Click Here |
| Number of Bedrooms: | 1 |
| Number of Bathrooms: | 1 |
ID: 3yd-NTREIS-21210316
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