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    Multi-Family Residential Portfolio Title is generated by Realmo AI

    2638 Morningside Drive, Shreveport, LA 71108

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    For Sale
    $46,000

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.19 Acres
    Added:
    Jun 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 8 at 1:06 am

    Property Features for 2638 Morningside Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Standard status
    Active
    APN
    171414145000700
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    LOT 7, BLK. 6, MORNINGSIDE SUB., 171414-145-7

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    1

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    Lee Nugent

    Listing agent Lee Nugent

    Listing office Pinnacle Realty Advisors Shreveport, LA

    Listing date Jun 29, 2026

    MLS# 21302405 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA, built in 1988
    • Current rent roll of approximately $34,905/month ($418,860 annualized) across occupied and vacant units
    • Projected stabilized rent of approximately $50,056/month ($600,672 annualized) after leasing vacant units and moving toward target rents
    • Unit mix includes 1‑bedroom through 4‑bedroom rental homes, with a combination of occupied, renewed, Section 8, and value‑add vacant units
    • Mostly single‑family rental homes with leases extending into 2026 and 2027 (per provided lease information)
    • Utilities and services include public sewer; estimated 2025 insurance is $24,102.92 and estimated 2025 city/parish taxes are $26,500.16

    Overview

    This for-sale package is a 49-property, 50-unit residential rental portfolio offered as one complete bundle only. The mix is primarily single-family rental homes, with a combination of occupied units, renewed leases, Section 8 tenants, and value-add vacant units. Bedroom counts range from 1-bedroom units through 4-bedroom homes, and the rent roll indicates many leases extend into 2026 and 2027. Current rental income is approximately $34,905 per month, or $418,860 annualized, with estimated stabilized rent of approximately $50,056 per month, or $600,672 annually after 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, and all income is subject to change as units are leased, renewed, vacated, or adjusted. Financials, rent roll, property-level details, and due diligence materials are available to qualified buyers upon request.

    The portfolio is located in Shreveport/Bossier City, Louisiana, within Caddo Parish, and the listing address is 2638 Morningside Drive, Shreveport, LA 71108. Tenant disturbance is discouraged; access and additional documentation are limited, and the seller requires proof of funds or lender preapproval before releasing full documentation or scheduling property access.

    For investors or owner-operators seeking a multi-property residential portfolio, this package supports a straightforward value-add approach focused on leasing vacant inventory, completing turns or inspections, renewing tenants at market-supported rents, and tightening operations based on the provided rent roll and unit mix. The seller also specifies portfolio-only terms and does not offer creative financing, including seller financing, subject-to, wrap, lease option, or owner financing; cash, DSCR, portfolio loan, or verifiable third-party financing only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Dental Office Law Firm HVAC Service Accounting Firm (Bike/Boat/Book/etc) Store Storage Facility Gym & Fitness Center Computer & Electronic Repair Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.778996
    Latitude
    32.460362

    FAQs

    What type of property is this?
    Single family property - Fifty-unit residential portfolio in Shreveport/Bossier with mostly single-family rentals, combining occupied, renewed, and vacant homes.
    Where is this single family property located?
    The property is located at 2638 Morningside Drive Shreveport, LA.
    What is the asking price?
    The asking price for this property is $46,000.
    What are key features of this property?
    This property features: 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA, built in 1988; Current rent roll of approximately $34,905/month ($418,860 annualized) across occupied and vacant units; Projected stabilized rent of approximately $50,056/month ($600,672 annualized) after leasing vacant units and moving toward target rents
    More about this property
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