234 Topeka StShreveport, LA 71101

Property Details for 234 Topeka St

Property type

Residential income homes

Description

This Shreveport, Louisiana duplex located at 234 Topeka St, 71101, presents a compelling investment opportunity. Priced at $110,000, this two-unit property offers a $55,000 per-unit price point. Currently, both units are occupied, boasting a strong history of low vacancy rates and long-term tenants within this larger portfolio. Significant capital expenditures have been made in recent years, including new roofs on several properties within the portfolio. While part of a larger 100-unit portfolio (initially listing 23 units), this duplex is available for sale individually. Note that a majority of the portfolio properties, including this one, are subject to a 1031 exchange, requiring flexibility in closing timelines. Buyers should be prepared to provide a Letter of Intent (LOI) and proof of funds or pre-approval for financing to schedule a viewing. One unit currently generates $1275 in monthly rent. This duplex represents a solid addition to any investment portfolio seeking stable cash flow and appreciation potential in the Shreveport market. The property is situated in Caddo Parish and is part of a larger portfolio sale, offering potential for bulk purchase negotiations. Three units within the larger portfolio are noted as being in less-than-ideal condition, however, even these units are currently occupied.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Latitude

32.4938

Longitude

-93.7344

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