Built-2022 Tenant-Occupied
3104 Cedar Creek Drive Shreveport, LA 71118
3104 Cedar Creek Drive, Shreveport, LA, 71118
$303,000
For Sale
$303,000
Built in 2022, this tenant-occupied duplex generates rental income and is offered for sale.
Property Size2,608 SF
Price / SF$116.18
Days on Market24
Property Features for 3104 Cedar Creek Drive
General Information
- Standard status
- Active
- Size
- 2,608 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2022
Listing agency
Mahoney Elite Realty, LLC
(318) 317-6106
Listed by
Derrick Mahoney · License #0995697059
(318) 317-6106
Source
Compass
Added: Jun 29 Updated: Jul 21 at 7:44AM Checked: Jul 22 at 10:36AM
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 Mahoney Elite Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2022, this duplex is fully tenant-occupied and income-producing, positioned as a straightforward rental asset for investors. The property is offered for sale with income already in place through its current tenant occupancy.
Situated near schools, shopping, dining, and Interstate 3132, the location is described as providing convenient access throughout the city.
With a duplex configuration designed to support two income streams, the property offers a practical option for owners looking for rental income from one unit while occupying the other, subject to the current tenancy.
Situated near schools, shopping, dining, and Interstate 3132, the location is described as providing convenient access throughout the city.
With a duplex configuration designed to support two income streams, the property offers a practical option for owners looking for rental income from one unit while occupying the other, subject to the current tenancy.
Key Highlights
- Built in 2022: tenant‑occupied 2‑unit duplex generating rental income.
- One‑story duplex with slab foundation and board & batten siding.
- Interior features include eat‑in kitchen, laminate flooring, central heating, and central air.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $12.60 |
| − Vacancy | −$2.1k | −$0.82 |
| EGI | $30.7k | $11.78 |
| − OpEx | −$9.2k | −$3.53 |
| NOI | $21.5k | $8.25 |
2,608 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$550.5K
$481.7K – $642.2K
NOI $38,532 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2022, this tenant-occupied duplex generates rental income and is offered for sale.
Where is this duplex located?
The property is located at 3104 Cedar Creek Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $303,000.
What are key features of this property?
This property features: Built in 2022: tenant‑occupied 2‑unit duplex generating rental income.; One‑story duplex with slab foundation and board & batten siding.; Interior features include eat‑in kitchen, laminate flooring, central heating, and central air.
