Residential Rental
147 E Herndon Street Shreveport, LA 71101
147 E Herndon Street, Shreveport, LA, 71101
$59,000
For Sale
$59,000
MULTI_FAMILY - Shreveport, LA
Lot Size0.16 Acres
Days on Market23
Property Features for 147 E Herndon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Standard status
- Active
- APN
- 171306007005500
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LOT 55, BEVERLY HILLS SUB 171306-7-55
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 1
Listing agency
Pinnacle Realty Advisors
(318) 233-1045
Listed by
Lee Nugent
(318) 347-3332
Added: Jun 29 Checked: Jul 21 at 11:06PM
MLS# 21302691
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Investment Insights
Based on property information with market context.
Offered as a package sale only, this portfolio totals 49 properties and 50 residential units, consisting mostly of single-family rental homes. The unit mix includes 1- through 4-bedroom configurations, with the current portfolio composition spanning occupied units, renewed leases, Section 8 participation, and value-add vacant units. The seller represents that many leases extend into 2026 and 2027, and that current and future collections depend on leasing, renewals, vacancies, and rent adjustments over time.
The properties are located in Shreveport Bossier City, Louisiana within Caddo Parish, and the sale is structured to be submitted only as one complete offering. The rent roll provided reflects current rental income of 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 move closer to target levels. Estimated 2025 insurance is $24,102.92, and estimated 2025 city and parish taxes total $26,500.16.
This portfolio is designed for buyers who can evaluate unit-level rent, occupancy, and value-add opportunities tied to leasing vacant inventory and renewing tenants. Financials, rent roll, and property-level details are available to qualified buyers upon request, and buyers must provide proof of funds or lender preapproval before receiving full documentation or scheduling access. The seller does not offer creative financing options and requests that tenants not be disturbed.
The properties are located in Shreveport Bossier City, Louisiana within Caddo Parish, and the sale is structured to be submitted only as one complete offering. The rent roll provided reflects current rental income of 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 move closer to target levels. Estimated 2025 insurance is $24,102.92, and estimated 2025 city and parish taxes total $26,500.16.
This portfolio is designed for buyers who can evaluate unit-level rent, occupancy, and value-add opportunities tied to leasing vacant inventory and renewing tenants. Financials, rent roll, and property-level details are available to qualified buyers upon request, and buyers must provide proof of funds or lender preapproval before receiving full documentation or scheduling access. The seller does not offer creative financing options and requests that tenants not be disturbed.
Key Highlights
- 50‑unit residential rental portfolio in Shreveport/Bossier City, LA (mostly single‑family rentals) with a mix of occupied, renewed, Section 8, and value‑add vacant units.
- Rent roll shows approximately $34,905/month current income ($418,860 annualized).
- Projected stabilized rent is approximately $50,056/month ($600,672 annually) after vacant unit leasing and rent alignment to target levels.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Package sale includes 50 residential units across mostly single-family rentals with a mix of occupied and vacant inventory.
Where is this single family property located?
The property is located at 147 E Herndon Street Shreveport, LA.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: 50‑unit residential rental portfolio in Shreveport/Bossier City, LA (mostly single‑family rentals) with a mix of occupied, renewed, Section 8, and value‑add vacant units.; Rent roll shows approximately $34,905/month current income ($418,860 annualized).; Projected stabilized rent is approximately $50,056/month ($600,672 annually) after vacant unit leasing and rent alignment to target levels.
