2035 Vivian St - Residential Income FOR SALE


Shreveport, LA 71108- Caddo Heights/South Highlands
$2,900,000 USD
910-945-9755
2035 Vivian St, Shreveport, LA for Sale
$2,900,000 USD
Residential Income - FOR SALE
1/1
null | 8.9% Cap Rate


HIGHLIGHTS

  • 12 currently vacant units provide immediate lease-up upside.
  • Significant below-market rents throughout the portfolio.
  • Pro forma rents supported by local market comparables.
  • Primarily single-family rental homes with a diversified unit mix.

OVERVIEW

50 UNIT RESIDENTIAL PORTFOLIO Seller is offering the portfolio only as a complete package. Properties will not be sold individually. No creative financing, seller financing, subject-to, wraps, lease options, or owner financing. Cash, DSCR, portfolio loans, or verifiable third-party financing only. This portfolio provides immediate cash flow with upside through lease renewals, vacant unit stabilization, and rent growth toward market rates. The package consists primarily of single-family rental homes with a mix of occupied, Section 8, renewed, and value-add vacant units. Units range from 2 to 4 bedrooms, with many leases extending into 2026 and 2027. According to the current rent roll, rental income is approximately $34,905 per month ($418,860 annualized). Projected stabilized rent is approximately $50,056 per month ($600,672 annualized) once vacant units are leased and rents are adjusted closer to market 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 while the portfolio remains actively marketed. Value-add opportunities include leasing vacant units, completing remaining turns and inspections, renewing tenants at market-supported rents, and improving operations across this geographically concentrated Northwest Louisiana portfolio. Financials, rent roll, property-level details, and due diligence materials are available to qualified buyers. Proof of funds or lender pre-approval is required before receiving documentation or scheduling property access. Please do not disturb tenants

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$1,766 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

50 Unit Residential Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R6

APN/PARCEL ID

171414-052-0061-00

ASK ABOUT THIS PROPERTY

Luke MelloLee & AssociatesMore Info
910-945-9755

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Luke MelloLee & AssociatesMore Info
910-945-9755

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