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405 Stoner Avenue, Shreveport, LA 71101

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For Sale

$150,000

1 beds • 1 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Investment Opportunity! 5-Plex Rental Property with Huge Potential! This 5-unit rental property is an incredible opportunity to add value and build long-term wealth. This is sold together with an 8-unit complex at 407 Stoner Ave that is priced separately at $250,000, totaling 13 Units for a sales price of $400,000. These multi-unit buildings are ready for completion to maximize their income potential. Some remodeling has already been started, but additional work is needed to bring these properties to full market potential. The 5 Plex has an estimated $75,000 in renovations needed, bringing the total investment to $225,000 and could yield a market value of approximately $300,000. Once fully rented, this 5 unit property has a potential annual revenue of $39,000. The 8 Plex has an estimated $100,000 in renovations needed, bringing the total investment of it to $350,000 and could yield a market value of approximately $450,000. Once fully rented, the 8 unit property has a potential annual revenue of $62,400. All together the sales price is $400,000 for 13 units, with $175,000 of estimated renovations needed, bringing the total investment of it to $575,000 yielding a potential market value of approximately $750,000. Once fully rented the 13 units have the potential annual revenue of $101,400 -a great return on investment! Whether you're a seasoned investor or looking to start your real estate portfolio, this is a rare chance to secure multi-unit rentals with built-in equity. Don t miss out!
MLS# 20838880

Courtesy Of Pinnacle Realty Advisors, Listed By Christopher Holloway

(318) 233-1045

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Wood
  • Lot Size
    0.14 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 405 Stoner Avenue, Shreveport, LA 71101

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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