416 Colquitt St, Bossier City, LA 71111

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 estimat...