1820 E Texas St - Apartments FOR SALE


Bossier City, LA 71111- North Bossier
$9,900,000 USD
917-209-3876
1820 E Texas St, Bossier City, LA for Sale
$9,900,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

1820 E Texas St
Bossier City, LA 71111
North Bossier


HIGHLIGHTS

  • One Bedroom Apartments - 500 sq. ft.
  • Two Bedroom Apartments - 750 sq. ft.
  • Easy Access to Freeways, Shopping
  • Access to Public Transportation
  • Public Library Nearby

OVERVIEW

PRIME LOCATION IN GROWING SUBMARKET • Quick access to I-20, countless businesses, casinos, Barksdale Air Force Base, and the newly-developed East Bank arts and entertainment district • 10,000-11,000 cars per day near the intersection of East Teas Street and Benton Road • Bossier City’s population has grown 12.4% since 2010, and it is projected to grow .5% in 2020 RENTAL UPSIDE • Vacancy in the Bossier City submarket is currently at 7.5% • Rental Rates have recently grown 3.2% year-over-year in the Bossier City submarket CAPITAL IMPROVEMENTS • Roof Replacements have been completed on all buildings • Extensive concrete and iron repairs on walkways and stairs have been completed

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

193

PRICE/UNIT

$51,295

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pelican Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.11 AC

LAND SF

222,465 SF

ZONING

B3

APN/PARCEL ID

132370,137504,174399

ASK ABOUT THIS PROPERTY

Isaac NaonJax 770 LLCMore Info
917-209-3876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Isaac NaonJax 770 LLCMore Info
917-209-3876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.