701 St Charles StBossier City, LA 71112

Property Details for 701 St Charles St

Property type

Residential income homes

Description

This exceptional investment opportunity presents a nine-unit multifamily portfolio located in Bossier City, Louisiana. The portfolio comprises nine single-family rental units, strategically situated at 701-705 St. Charles Street (four units generating $2370 in total monthly rent), 637 St. Charles Street (two units generating $850 in total monthly rent), 631-633 Leon Street (two units generating $1195 in total monthly rent), and 2619 Trichel (one unit generating $550 in monthly rent). The asking price for the entire portfolio is $363,830, representing a price per unit of approximately $40,426. Six of the units are adjacent, with the remaining three located within a single block. The portfolio boasts a strong occupancy rate, with only three units requiring some level of capital expenditure, despite currently being occupied. Significant capital improvements have been undertaken in recent years, including new roofs on several properties. The seller is open to negotiation, particularly for larger property packages, and may require flexibility in closing timelines due to 1031 exchange considerations. This portfolio presents a compelling investment opportunity with a proven track record of high occupancy and strong rental income. A Letter of Intent (LOI) and proof of funds or pre-approval are required to schedule a viewing. The individual asking prices are: $188,900 for the four units at 701-705 St. Charles

Location Insight

City

Bossier City

County

Bossier Parish

State

Louisiana

Latitude

32.4993

Longitude

-93.6992

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