500 Mccormick St, Bossier City, LA 71111

$110,000
: 2
BD
: 2
BA

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List Price: $110,000
Price Change: ▼ $25,000 1785183644
MLS#: 21211491
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1952
Construction Status: Preowned
Bedrooms: 2
Full Baths: 2
Acres: 0.06
County: Bossier
City: Bossier City
Subdivision: Hornsby Sub
Building Name: Mccormick

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Property Description

Fully occupied, income-producing Bossier City duplex offered at $110,000. The property contains two 1-bedroom, 1-bath units currently renting for $625 and $750 per month, producing combined gross rental income of $1,375 monthly or $16,500 annually. Current owner-reported recurring expenses include approximately $2,280 annually for professional property management and $3,168 annually for property taxes and insurance. Based on these figures, the property produces an estimated net operating income of $11,052 and a 10.05% cap rate at the asking price, before vacancy, repairs and capital reserves. Rent roll, leases and investor operating analysis are available for review. Please do not disturb tenants. All showings require 24-hour notice and must be scheduled through the listing agent. Property may be purchased individually or considered with additional seller-owned rental properties. Financial information is provided by the owner and should be independently verified by the buyer.

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