Multi-Family Residential Rental
3940 Wallace Avenue Shreveport, LA 71108
For Sale
$80,000
MULTI_FAMILY - Shreveport, LA
Lot Size0.27 Acres
Days on Market30
Property Features for 3940 Wallace Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Standard status
Active
APN
171414082006100
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
LOTS 59 & 60, VERNON ANNEX & 1/2 ADJ. ABDN. A
Utilities
Sewer type
Public Sewer
Building Details
Year built
1999
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
Last Checked: Jul 28 at 3:06AM
MLS# 21302667
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Investment Insights
Based on property information with market context.
This listing is for a package sale only: 49 properties comprising 50 total residential units in the Shreveport-Bossier area, offered as one complete portfolio. The mix includes mostly single-family rental homes with occupied units, renewed leases, Section 8 participation, and value-add vacant inventory. Bedroom counts range from 1 to 4 bedrooms, and many leases extend into 2026 and 2027. The provided rent roll indicates current rental income of approximately $34,905 per month (about $418,860 annualized), with projected stabilized rent of approximately $50,056 per month (about $600,672 annually) once vacant units are leased and rents are moved toward target levels.
The portfolio is located at 3940 Wallace Avenue, Shreveport, LA 71108, within Caddo Parish. The seller has requested that individual offers are discouraged, and no creative financing terms are offered. The stated options are cash, DSCR, a portfolio loan, or other verifiable third-party financing.
For buyers, this portfolio is positioned for an operator who can manage both in-place leases and vacant-unit stabilization. The rent roll and due diligence materials are available to qualified buyers upon request, and the seller requires proof of funds or lender preapproval before providing documentation or scheduling property access. Please do not disturb tenants.
The portfolio is located at 3940 Wallace Avenue, Shreveport, LA 71108, within Caddo Parish. The seller has requested that individual offers are discouraged, and no creative financing terms are offered. The stated options are cash, DSCR, a portfolio loan, or other verifiable third-party financing.
For buyers, this portfolio is positioned for an operator who can manage both in-place leases and vacant-unit stabilization. The rent roll and due diligence materials are available to qualified buyers upon request, and the seller requires proof of funds or lender preapproval before providing documentation or scheduling property access. Please do not disturb tenants.
Key Highlights
- 49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only)
- Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll
- Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Portfolio sale of 50 residential units across mostly single-family rentals, with a mix of occupied, Section 8, and vacant homes.
Where is this single family property located?
The property is located at 3940 Wallace Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only); Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll; Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
