3940 Wallace Avenue, Shreveport, LA 71108
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
3940 Wallace Avenue,Shreveport, LA 71108
$80,000
- - Beds
- - Baths
- 1,304 sq. ft.
- Multi-family
- Active
Listed by: lee nugent
Office: pinnacle realty advisors
MLS#:21302667
Source:GDAR
Price summary
- Price:$80,000
- Price per sq. ft.:$61.35
About this home
The seller prefers a PACKAGE SALE ONLY! 49 property, 50 unit residential portfolio in Shreveport Bossier City, LA. Seller is offering the portfolio only as one complete package and discourages individual offers. No creative financing, seller financing, subject to, wrap, lease option, or owner financed terms offered. Cash, DSCR, portfolio loan, or verifiable third party financing only.
This portfolio offers immediate income with upside through lease renewals, vacant unit stabilization, and rent growth toward projected market rents. The package includes mostly single family rental homes with a mix of occupied, renewed, Section 8, and value add vacant units. Bedroom counts range from 1 bedroom units to 4 bedroom homes, with many leases extending into 2026 and 2027.
According to the provided rent roll, current rental income is approximately $34,905 per month, or $418,860 annualized. Projected stabilized rent is approximately $50,056 per month, or $600,672 annually, once vacant units are leased and rents are moved closer to target levels. Estimated 2025 insurance is $24,102.92 and estimated 2025 city and parish taxes are $26,500.16. Rental income is subject to change as units may be leased, renewed, vacated, or adjusted while listed.
The value add opportunity includes leasing vacant inventory, completing turns or inspections, renewing tenants at market supported rents, and tightening operations. Highlights include 50 total units, Shreveport Bossier locations, mostly SF rental housing, current rent of approximately $34,905 per month, projected stabilized rent of approximately $50,056 per month, and a mix of occupied, vacant, renewed, and Section 8 units.
Financials, rent roll, property level details, and due diligence materials are available to qualified buyers upon request. Buyer must provide proof of funds or lender preapproval before receiving full documentation or scheduling property access. Please do not disturb tenants....
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Home facts
- Year built:1999
- Subdivision & Development:Vernon Anx
- Listing ID #:21302667
- Added:55 day(s) ago
- Updated:August 24, 2026 at 12:03 PM
Rooms and interior
- Living area:1,304 sq. ft.
Structure and exterior
- Year built:1999
- Building area:1,304 sq. ft.
- Lot area:0.26 Acres
- Levels:1 Story
Finances and disclosures
- Price:$80,000
- Price per sq. ft.:$61.35
Parking
- Total parking spaces:2
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 24, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Rhodes Realty.New listings near 3940 Wallace Avenue
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