USALAShreveportVernon Anx3940 Wallace Ave

3940 Wallace Ave, Shreveport, LA

Name: 3940 Wallace Ave, For Sale in Shreveport - Zoocasa
Brand: Pinnacle Realty Advisors
SKU: 21302667
Price: 80000 USD

House

For Sale

Listed price in listed location currency (USD).

$80,000

002

MLS® 21302667

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 0

Lot Size 0.265 Acres

Approx. Age 1999

MLS® Number 21302667

Property Address: 3940 Wallace Ave, Shreveport, LA, 71108-2361

Average square foot calculated using Size range provided by listing agent.

Description

The seller prefers a PACKAGE SALE ONLY! 49 property, 50 unit residential portfolio in Shreveport Bossier City, LA. Seller is offering the portfolio only as one complete package and discourages individual offers. No creative financing, seller financing, subject to, wrap, lease option, or owner financed terms offered. Cash, DSCR, portfolio loan, or verifiable third party financing only. This portfolio offers immediate income with upside through lease renewals, vacant unit stabilization, and rent growth toward projected market rents. The package includes mostly single family rental homes with a mix of occupied, renewed, Section 8, and value add vacant units. Bedroom counts range from 1 bedroom units to 4 bedroom homes, with many leases extending into 2026 and 2027. According to the provided rent roll, current rental income is approximately $34, 905 per month, or $418, 860 annualized. Projected stabilized rent is approximately $50, 056 per month, or $600, 672 annually, once vacant units are leased and rents are moved closer to target levels. Estimated 2025 insurance is $24, 102.92 and estimated 2025 city and parish taxes are $26, 500.16. Rental income is subject to change as units may be leased, renewed, vacated, or adjusted while listed. The value add opportunity includes leasing vacant inventory, completing turns or inspections, renewing tenants at market supported rents, and tightening operations. Highlights include 50 total units, Shreveport Bossier locations, mostly SF rental housing, current rent of approximately $34, 905 per month, projected stabilized rent of approximately $50, 056 per month, and a mix of occupied, vacant, renewed, and Section 8 units. Financials, rent roll, property level details, and due diligence materials are available to qualified buyers upon request. Buyer must provide proof of funds or lender preapproval before receiving full documentation or scheduling property access. Please do not disturb tenants.

MLS® Number21302667

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1999

Basement

DrivewayOther

Garage Spaces

HeatOther

A/COther

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 29, 2026List Date

$80,000List Price

Commute

Commute

Starting Address

Destination Address

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