02/27/2025
🏡 INVESTMENT OPPORTUNITY – 2 Houses on 1.01 Acre Lot
Address: 8115 & 8117 Lucille St, Shreveport, LA 71108
Price: $160,000
Monthly Rental Income: $1,500 ($750 Per House)
Annual Gross Income: $18,000
Fully Occupied with Long-Term Tenants
Shed and carport
Property Overview:
Don’t miss out on this rare investment opportunity! Includes 2 single-family homes on a combined 1.01-acre lot in Shreveport, LA. With reliable long-term tenants already in place, this property generates $1,500 per month in rental income.
Great for investors seeking immediate cash flow and passive income. Ideal for investors looking to maximize rental returns with minimal management.
Property Details:
House 1: 8115 Lucille St
• Bedrooms: 2
• Bathrooms: 1
• Living Space: 1,392 sq. ft.
• Lot Size: Approximately 0.58 acres
• Occupancy: Long-term tenant in place
• Current Rent: $750/month
• Condition: Well-maintained, minimal repairs needed
• Key Features:
• Spacious living area
• Ample natural light
• Large yard space, ideal for outdoor activities or future expansions
• Quiet neighborhood
House 2: 8117 Lucille St
• Bedrooms: 2
• Bathrooms: 1
• Living Space: 1,183 sq. ft.
• Lot Size: Approximately 0.43 acres
• Occupancy: Long-term tenant in place
• Current Rent: $750/month
• Condition: Good condition, solid rental history
• Occupancy:Long-term tenants in place
• Assignment Price: $160,000
• Monthly Rental Income: $1,500 ($750 per house)
• Annual Gross Income: $18,000
Financial Overview:
• Price: $160,000
• Total Rental Income: $1,500/month ($750 per house)
• Annual Gross Income: $18,000
• Estimated Annual Expenses (35%): $6,300
• Cap Rate: 10%
• Net Operating Income (NOI): $11,700
• Cash on Cash ROI: 7.31%
• Key Features:
• Cozy and functional layout
• Reliable tenants providing consistent income
• Well-maintained yards with privacy
• Family-friendly neighborhood with convenient access to highways and local amenities
For more info, contact:
* Phone: (504) 315-5487
* Email: [email protected]