3240 Penick Street, Shreveport, LA 71109
- Added:
- Jun 29, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 8 at 7:06 am
Property Features for 3240 Penick Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Standard status
- Active
- APN
- 171410072000800
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- LOTS D & E, RE-SUB. OF LOT 10, ORCHARD PLACE
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 1
Listing agent Lee Nugent (318) 347-3332
Listing office Pinnacle Realty Advisors Shreveport, LA (318) 233-1045
Listing date Jun 29, 2026
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
- Residential portfolio package sale only: 49 properties, 50 total units in Shreveport/Bossier City, LA
- Current rental income of approximately $34,905 per month ($418,860 annualized) per the provided rent roll
- Projected stabilized rent of approximately $50,056 per month ($600,672 annually) after vacant units are leased and rents move toward target levels
- Unit mix includes mostly single‑family rental homes with 1- to 4‑bedroom units
- Mix of occupied, renewed, Section 8, and value‑add vacant units; many leases extend into 2026 and 2027
- Public sewer and estimated 2025 expenses include insurance of $24,102.92 and city/parish taxes of $26,500.16
Overview
The properties are offered under strict terms: the seller discourages individual offers and will consider the portfolio only as one complete package. No creative financing is offered, and the seller does not provide financing terms such as subject-to, wrap, lease option, or owner financing. Acceptable terms are limited to cash, DSCR, portfolio loans, or verifiable third-party financing.
This portfolio can be a fit for buyers seeking a diversified rental mix across 1- to 4-bedroom single-family homes, with the ability to focus due diligence on the rent roll and unit-level leasing status. Please provide proof of funds or lender preapproval before receiving full documentation or scheduling property access, and do not disturb tenants. Financials, rent roll, property-level details, and due diligence materials are available to qualified buyers upon request.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo
- State
- Louisiana
- Longitude
- -93.790178
- Latitude
- 32.483831