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(682) 429-9942
Real Estate Company
639 Garden St, Bossier City, LA 71112
- $223,900
- 6
- BD
- 5
- BA
- List Price
- $223,900
- Price Change
- ▼ $1,100 1794436523
- MLS#
- 21341260
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1957
- Construction Status
- Preowned
- Bedrooms
- 6
- Full Baths
- 5
- Acres
- 1.04
- County
- Bossier
- City
- Bossier City
- Subdivision
- fertile gardens
- Building Name
- Garden St Properties
Property Description
Exceptional investment opportunity! This five-unit rental portfolio, situated on one large lot in a quiet Bossier City neighborhood, offers immediate rental income and long-term upside potential. The portfolio consists of one duplex (651 and 653 Garden, located at the back right corner of the lot), featuring two 1-bedroom, 1-bath units, and three single-family homes: 635 Garden (back left corner) and 639 Garden (front house), each featuring 1 bedroom and 1 bath, and 643 Garden (middle house), featuring 2 bedrooms and 1 bath. Each unit has its own separately metered utilities, with tenants responsible for their own utility expenses. Four of the five units are currently occupied, with one vacant unit available for showings. At full occupancy, the portfolio offers approximately $38,400 in annual gross rental income. Recent exterior improvements include removal of chipped paint and fresh exterior paint, enhancing the overall appearance of the property. The duplex received a new roof in 2022, while the single-family homes received new roofs around 2020. This attractive value-add investment offers potential for increased returns through additional cosmetic improvements, while the oversized lot may provide future development opportunities. Conveniently located just minutes from Arthur Ray Teague Parkway, Barksdale Boulevard, and Airline Drive. The portfolio is being sold AS IS, with no repairs by the seller. Cash, DSCR, commercial, and portfolio financing welcome. Cash buyers should provide proof of funds, and financed buyers should submit a pre-approval or lender letter demonstrating financing for an investment property or portfolio purchase. Seller is a licensed real estate agent.
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Additional Information
- Lot Size
- 45,395
- Acres
- 1.04
- Interior Features
- Eat-In Kitchen
- Flooring
- Vinyl, Wood
- Foundation
- Pillar/Post/Pier
- Roof
- Asphalt
- Stories
- 1
- Pool Features
- None
- Carport Spaces
- 1
- Parking Garage
- Attached, Common, On Site, Off Street
- School District
- Bossier Psb
- Elementary School
- Bossier ISD schools
- Middle School
- Bossier Isd Schools
- High School
- Bossier ISD schools
- Possession
- CloseOfEscrow
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Listing courtesy of June Schneider from Pinnacle Realty Advisors. Contact: 318-233-1045
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
Last updated: