Residential Rental
For Sale
Under Contract
$49,000
3240 Penick Street, Shreveport, LA 71109
ResidentialIncome, Shreveport, LA
Property SizeContact for details
Lot Size0.25 Acres
Days on Market60
Property Features for 3240 Penick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Subdivision
Orchard Place Sub
Elementary school district
Caddo PSB
Middle school district
Caddo PSB
High school district
Caddo PSB
Directions
USE GPS
Standard status
Active Under Contract
APN
171410072000800
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LOTS D & E, RE-SUB. OF LOT 10, ORCHARD PLACE
Legal 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 Agency:
Pinnacle Realty Advisors
(318) 233-1045
Listed By:
Lee Nugent · License #0995695038
(318) 347-3332
Added: Jun 29
Changed: Aug 20
Last Checked: Aug 27 at 8:06PM
MLS# 21299414
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.
Investment Insights
Based on property information with market context.
This offering is a 49-property, 50-unit residential rental portfolio in Shreveport/Bossier City, LA, presented as a package sale only. The portfolio is primarily comprised of single-family rental homes with a mix of occupied units, renewed tenants, value-add vacant inventory, and Section 8 participation. Unit bedroom counts range from 1-bedroom units through 4-bedroom homes, with many leases extending into 2026 and 2027. Based on the provided rent roll, current rental income is approximately $34,905 per month, or $418,860 annualized, with projected stabilized rent of approximately $50,056 per month, or $600,672 annually, once vacant units are leased and rents are moved closer to target levels. Seller-stated estimates include 2025 insurance of $24,102.92 and estimated 2025 city and parish taxes of $26,500.16. Rental income and projections may change as units are leased, renewed, vacated, or adjusted.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 71109, LA
18,414
Population
9,099
Households
2
Avg Household Size
39
Median Age
14%
College-Educated
83%
High-School Grad
12.8 sq mi
ZIP Area
1,439
Density / Sq Mi
$31,309
Median Household Income
$25,695
Median Earnings
$896
Median Rent
$91,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Multi-family rental portfolio with 50 units, mostly single-family homes, offering a mix of occupied, renewed, Section 8, and vacant investment inventory.
Where is this single family property located?
The property is located at 3240 Penick Street Shreveport, LA.
What is the asking price?
The asking price for this property is $49,000.
What are key features of this property?
This property features: 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
