Multifamily Apartment
For Sale
Contact for pricing
Pending
2100 Grimmett Drive Shreveport LA, Shreveport, LA 71107
Multibuilding apartment community with 142,500 sq ft of units, in-unit appliances, and individual wall heating and cooling.
Property Size142,500 SF
Lot Size8.22 Acres
Days on Market111
Property Features for 2100 Grimmett Drive Shreveport LA
General Information
Standard status
Pending
Size
142,500 SF
Lot size
8.22 Acres
Property subtype
Multifamily
Occupancy
90%
Additional Details
Highway Access
Yes
Multifamily Units
150
Amenities
playground
laundry facility
mailboxes
ample parking
easy highway access
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 29 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
The property is an apartment community consisting of 14 buildings with 142,500 square feet of leasable area and 16 one-bedrooms, 110 two-bedrooms, and 24 three-bedrooms. Each unit includes basic kitchen amenities such as a microwave, stove, and refrigerator, and heating and cooling are provided by individual wall units. Laundry is centrally located and uses new coin-operated machines that are leased from Coinmach, generating additional monthly income. The property also includes a playground and mature trees on its 8.22 acres.
Additional on-site convenience includes centrally located mailboxes and ample parking, with easy access to nearby highways noted in the remarks. Interior and major exterior improvements include new roofs, exterior renovations, and renovation of down units, with the seller stating all units will be delivered turn key and rent ready for the new owner. Electrical work includes aluminum wiring that has been pigtailed to meet Fannie/Freddie requirements for agency debt.
The current operations are supported by 2 office personnel and 3 maintenance staff, and the seller expects management can likely be reduced after the recent improvements. The remarks also describe potential additional cost controls and potential rent improvement based on local effective rates.
Additional on-site convenience includes centrally located mailboxes and ample parking, with easy access to nearby highways noted in the remarks. Interior and major exterior improvements include new roofs, exterior renovations, and renovation of down units, with the seller stating all units will be delivered turn key and rent ready for the new owner. Electrical work includes aluminum wiring that has been pigtailed to meet Fannie/Freddie requirements for agency debt.
The current operations are supported by 2 office personnel and 3 maintenance staff, and the seller expects management can likely be reduced after the recent improvements. The remarks also describe potential additional cost controls and potential rent improvement based on local effective rates.
Key Highlights
- Apartment community with 142,500 sq ft of leasable area across 14 buildings
- Unit mix: 16 studio‑style 1BD/1BA, 110 2BD/1BA, and 24 3BD/1.5BA units
- In‑unit appliances included (microwave, stove, and refrigerator) with individual wall heating and cooling units
Property Analytics
Current Use
Lease Details
150
Residential units
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 71107, LA
31,311
Population
13,636
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
137.2 sq mi
ZIP Area
228
Density / Sq Mi
$48,114
Median Household Income
$31,075
Median Earnings
$909
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multibuilding apartment community with 142,500 sq ft of units, in-unit appliances, and individual wall heating and cooling.
Where is this apartment building located?
The property is located at 2100 Grimmett Drive Shreveport LA Shreveport, LA.
What are key features of this property?
This property features: Apartment community with 142,500 sq ft of leasable area across 14 buildings; Unit mix: 16 studio‑style 1BD/1BA, 110 2BD/1BA, and 24 3BD/1.5BA units; In‑unit appliances included (microwave, stove, and refrigerator) with individual wall heating and cooling units
