1901 Centenary BlvdShreveport, LA 71101
- Residential income properties
- 87,108 SF
Property Details for 1901 Centenary Blvd
- Year built
- 1939
- Lot size
- 7.75 AC
- Property size (Sq ft)
- 87,108 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This bank-owned foreclosure, Oakwood Meadows, presents a compelling value-add investment opportunity in Shreveport, Louisiana. The property comprises 119 units within a 14-building complex, totaling 87,108 square feet on a 7.75-acre lot. Built in 1939 and renovated in 2003, the property is currently vacant with an occupancy date of September 19, 2024. The asking price is $1,775,000, translating to $14,916 per unit and $20.38 per square foot. The property's current NOI is $0, however, a pro-forma NOI of $508,831 projects a 28.67% cap rate. Significant capital improvements are needed, estimated at approximately $40,000 per unit. The property features 249 parking spaces and is zoned RS-2. This fee-simple ownership opportunity offers substantial upside potential for a savvy investor. The land value alone is estimated at $1,250,000. The property is located at 1901 Centenary Blvd, Shreveport, LA 71101. This is a rare chance to acquire a large multifamily asset in a growing market, requiring substantial renovation but offering significant returns upon completion.
Location Insight
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Latitude
- 32.4935
- Longitude
- -93.731
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].