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6504 Lexington Avenue

Shreveport, TX 71106

Listing courtesy of Steven Pracht, Pinnacle Realty Advisors

$55,000

For Sale

Beds

Baths

Sqft

1,256

Year Built

2002

About this home

Tenant-occupied, income-producing Shreveport rental offered at $55,000. This 3-bedroom, 2-bath home is currently rented for $800 per month, producing gross rental income of $9,600 annually. Owner-reported property taxes and insurance total approximately $2,054 annually. Including a pro forma $75 monthly management allowance, estimated recurring expenses are $2,954 annually, producing estimated NOI of $6,646 and a 12.08% cap rate at the asking price, before vacancy, repairs, capital expenditures and reserves. Built in 2002, the property contains approximately 1,256 square feet. Seller reports the home was completely remodeled before tenant placement, with improvements including electrical, plumbing, water heater and roof, which may reduce near-term deferred-maintenance risk. Lease, payment history, expense documentation and investor operating analysis are available for review. Please do not disturb the tenant. Showings must be scheduled through the listing agent. Financial information is provided by the owner and should be independently verified by the buyer