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    Residential Rental Portfolio Title is generated by Realmo AI

    3240 Penick Street, Shreveport, LA 71109

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    For Sale
    $49,000

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.25 Acres
    Added:
    Jun 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 8 at 9:06 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

    We can help!

    Contact an agent
    Lee Nugent

    Listing agent Lee Nugent

    Listing office Pinnacle Realty Advisors Shreveport, LA

    Listing date Jun 29, 2026

    MLS# 21299414 Listing URL

    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

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Building Supply HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.790178
    Latitude
    32.483831

    FAQs

    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
    More about this property
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