416 Colquitt Street, Bossier City, LA 71111
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416 Colquitt Street, Bossier City, LA 71111
416 Colquitt Street, Bossier City, LA 71111
416 Colquitt Street, Bossier City, LA 71111
416 Colquitt Street, Bossier City, LA 71111
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David Garcia

David Garcia

+1(469) 778-3901
$ 179,900
Est. payment /mo
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Active

416 Colquitt Street Bossier City, LA 71111

1 Bed

1 Bath

6,011 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision East Mccormick Sub

MLS Listing ID 21210316

Bedrooms 1

Full Baths 1

HOA Y/N None

Total Fin. Sqft 2120

Year Built 1942

Annual Tax Amount $290

Lot Size 6,011 Sqft

Acres 0.138

Property Sub-Type 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.

Location

State LA

County Bossier

Direction GPS

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Other

Cooling Other

Flooring Vinyl

Appliance None

Heat Source Other

Exterior

Utilities Available City Sewer, City Water

Roof Type Shingle

Accessibility Accessible Approach with Ramp, Accessible Entrance

Garage No

Building

Story One

Foundation Pillar/Post/Pier

Level or Stories One

Structure Type Other

Schools

Elementary Schools Bossier Isd Schools

Middle Schools Bossier Isd Schools

High Schools Bossier Isd Schools

School District Bossier Psb

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21210316

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Listed by Desiree Davis • Diamond Realty & Associates

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David Garcia

David Garcia

Agent | License ID: 776388

+1(469) 778-3901

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416 Colquitt Street