4812 Monkhouse Dr Shreveport, LA 71109

Property Details for 4812 Monkhouse Dr

Lot size

1.73 lot acres

Property size

33,725 SF

Property type

Self storage facilities

Description

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.