639 Garden St, Bossier City, LA 71112

$225,000
: 6
BD
: 5
BA

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List Price: $225,000
MLS#: 21341260
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1957
Construction Status: Preowned
Bedrooms: 6
Full Baths: 5
Acres: 1.04
County: Bossier
City: Bossier City
Subdivision: fertile gardens
Building Name: Garden St Properties

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Property Description

This exceptional portfolio of five fully occupied, income-producing investment properties offers a rare opportunity to acquire five rental units on one large lot in a quiet Bossier City neighborhood. The portfolio includes one duplex (two 1-bedroom, 1-bath units) and three single-family homes (two 1-bedroom, 1-bath homes and one 2-bedroom, 1-bath home), all 100% occupied with established tenants, providing immediate, uninterrupted rental income from closing, and generating approximately $38,400 in annual gross rental income. The duplex received a new roof in 2022, while the single-family homes received new roofs around 2020. This is an attractive value-add investment with upside potential through minor interior and exterior cosmetic improvements, while the oversized lot also offers room for potential future development or additional units. Conveniently located just minutes from Arthur Ray Teague Parkway, Barksdale Boulevard, and Airline Drive, this easy-to-manage portfolio offers immediate excellent cash flow with long-term appreciation potential. The property is being sold as-is, with no repairs by the seller. Cash, DSCR, commercial, and portfolio financing are welcome. Cash buyers should provide proof of funds, and financed buyers should submit a pre-approval or lender letter demonstrating financing for an investment property or portfolio purchase. Seller is a licensed real estate agent.

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