727 Milam St - Apartments FOR SALE


Shreveport, LA 71101- Downtown Riverfront
$850,000 USD
318-564-7906
727 Milam St, Shreveport, LA for Sale
$850,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

727 Milam St
Shreveport, LA 71101
Downtown Riverfront


HIGHLIGHTS

  • In Historic Downtown Shreveport near G Unit Studios
  • Perfect for Airbnb Conversation
  • Historic Tax Credits approved for current configuration

OVERVIEW

This Historic 61 Room Creswell Hotel in downtown Shreveport's Historic District was originally built in 1927 as Shreveport’s first Fire Proof Hotel due to its concrete construction. A Buyer will inherit the building in a shell condition with a set of Historic Tax Credit approved architectural design plans for 17 Residential Units and 4 Commercial spaces. The purchase includes a parking lot. Very Cool Building.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

17

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Creswell Hotel

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1938

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CBD

APN/PARCEL ID

181437-111-0018-00

ASK ABOUT THIS PROPERTY

Chris StokesWalker-Alley & Associates, LLCMore Info
318-564-7906

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Chris StokesWalker-Alley & Associates, LLCMore Info
318-564-7906

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