Flournoy Lucas Corridor Investment
9507 Pleasant Hills Drive Shreveport, LA 71106
9507 Pleasant Hills Drive, Shreveport, LA, 71106
$325,000
For Sale
$325,000
Two leased properties on 0.75 acres in developing corridor.
Property Size2,288 SF
Lot Size0.75 Acres
Price / SF$142.05
Days on Market207
Property Features for 9507 Pleasant Hills Drive
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Lot size
- 0.75 Acres
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 2014
Listing Agency
Susannah Hodges, LLC
(318) 505-2875
Listed by
Susannah Hodges · License #0995684198
(318) 505-2875
Source
Compass
Added: Dec 23, 2025 Checked: Jul 17 at 5:02 am
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 Susannah Hodges, LLC
Investment Insights
Based on property information with market context.
This 0.75-acre property, encompassing two addresses (9505 and 9507 Flournoy Lucas), presents both long-term and short-term investment potential. Situated on the developing Flournoy Lucas corridor, it is located across from the Shreveport Marketplace shopping center, which includes a Kroger grocery store, restaurants, a coffee shop, and retail options. The new YMCA soccer fields are also located across the street. The area features new neighborhoods and a growing number of rooftops. Both properties are currently leased and well-maintained. Parking is adequate. 9505 Flournoy Lucas is a 1-bedroom, 1-bathroom mobile home with a sitting porch, covered parking, a sizable master bath, and an open floor plan. 9507 Flournoy Lucas has a front porch, a small storage shed at the rear, two covered carport spaces, a master bath with a freestanding soaking tub, a kitchen with stainless steel appliances, a double compartment stainless steel sink, wood cabinets, and a large utility room with an extra fridge. The property features mature trees and yards.
Key Highlights
- Two addresses (9505 & 9507 Flournoy Lucas) on a single .75 acre property.
- Investment opportunity: both long‑term and short‑term, currently leased.
- Located on the developing Flournoy Lucas corridor, across from Shreveport Marketplace and new YMCA soccer fields.
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 | $28.8k | $12.60 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $27.0k | $11.78 |
| − OpEx | −$8.1k | −$3.53 |
| NOI | $18.9k | $8.25 |
2,288 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.5K
$235.9K – $314.5K
NOI $18,868 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$482.9K
$422.6K – $563.4K
NOI $33,804 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased properties on 0.75 acres in developing corridor.
Where is this duplex located?
The property is located at 9507 Pleasant Hills Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two addresses (9505 & 9507 Flournoy Lucas) on a single .75 acre property.; Investment opportunity: both long‑term and short‑term, currently leased.; Located on the developing Flournoy Lucas corridor, across from Shreveport Marketplace and new YMCA soccer fields.
