4812 Monkhouse Dr Shreveport, LA 71109

This Shreveport, Louisiana self-storage facility presents a compelling investment opportunity. The property, located at 4812 Monkhouse Dr, 71109, encompasses 1.73 acres and features seven single-story buildings totaling 33,725 square feet of rentable space, housing 226 units. Currently generating a NOI of $80,081 and a 6.16% cap rate, the pro-forma NOI is projected at $117,246, representing a 9.02% cap rate. The asking price is $1,300,000, translating to $38.55 per square foot and $5,752.21 per unit. The facility is constructed of block concrete, fully fenced and gated, offering security and peace of mind. Seven currently offline units present a readily achievable upside potential through minor repairs (reinstalling insulation on three, replacing latches on three, and replacing one door). This property is ideally situated in a growing market, promising stable returns and significant future growth potential for the astute investor. The property includes an additional 300 sq ft apartment and a 360 sq ft workshop.