416 Colquitt St, Bossier City, LA 71111
- $179,900
- 1
- BD
- 1
- BA
- List Price
- $179,900
- Price Change
- ▼ $20,000 1785184252
- MLS#
- 21210316
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1942
- Construction Status
- Preowned
- Bedrooms
- 1
- Full Baths
- 1
- Acres
- 0.14
- County
- Bossier
- City
- Bossier City
- Subdivision
- East Mccormick Sub
- Building Name
- Colquitt Triplex
Property Description
Fully occupied Bossier City triplex offered at $179,900, representing an investor basis of approximately $84.86 per square foot. Three 1-bedroom, 1-bath units currently rent for $600, $700 and $700, producing combined gross rental income of $2,000 monthly or $24,000 annually. All tenants are current, and two of the three tenancies include documented third-party rent support. Payment history is available to qualified buyers with appropriate privacy redactions. Tenants pay all utilities. Owner-reported city and parish taxes plus property insurance total approximately $1,052 annually. For conservative underwriting, a $75-per-unit monthly management allowance produces estimated pro forma annual expenses of $3,752, NOI of $20,248 and an 11.26% cap rate at the asking price, before vacancy, repairs and capital reserves. Seller reports that the property was comprehensively renovated in 2021 by a professional contractor using applicable permits and inspections, including complete replacement of the plumbing and electrical systems, a new roof and extensive additional improvements. Rent roll, leases, payment history, investor analysis and available renovation documentation may be reviewed. Please do not disturb tenants. All showings require 24-hour notice and must be coordinated through the listing agent. Property may be purchased individually or considered with additional seller-owned rentals. All information is owner-provided and should be independently verified.
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Additional Information
- Unexempt Taxes
- $290
- Lot Size
- 6,011
- Acres
- 0.14
- Interior Features
- High Speed Internet, Cable TV
- Flooring
- Vinyl
- Foundation
- Pillar/Post/Pier
- Roof
- Shingle
- Stories
- 1
- Pool Features
- None
- Parking Garage
- Driveway, On Site, On Street
- School District
- Bossier Psb
- Elementary School
- Bossier ISD schools
- Middle School
- Bossier Isd Schools
- High School
- Bossier ISD schools
- Possession
- CloseOfEscrow
- Possession
- CloseOfEscrow
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Listing courtesy of Desiree Davis from Diamond Realty & Associates. Contact: 318-746-0011