106 Herndon St Shreveport, LA 71101

Property Details for 106 Herndon St

Property type

Residential income homes

Description

This exceptional investment opportunity presents a four-unit, Class C multifamily portfolio located at 106 E Herndon St, Shreveport, LA 71101, within Caddo Parish. Priced at $190,368 ($47,592 per unit), this stabilized portfolio offers a compelling return on investment. The property is part of a larger, approximately 100-unit portfolio, with this offering comprising four units currently generating $1,250 in monthly rent. This sale is structured to accommodate 1031 exchange transactions, requiring flexibility in closing timelines. While most units within the larger portfolio are in good condition and occupied by long-term tenants, three units (not included in this offering) are currently occupied despite needing repairs. Significant capital expenditures have been invested in recent years, including new roofs on several properties within the larger portfolio. To schedule a viewing, a fully executed Letter of Intent (LOI) and proof of funds or pre-approval for financing are required. This offering presents a rare chance to acquire a piece of a well-maintained, high-occupancy rental portfolio in a desirable Shreveport location. The seller is motivated and open to negotiations, particularly for larger property packages within the broader portfolio. This is a turnkey investment opportunity with strong potential for immediate cash flow and long-term appreciation.