Description
INVESTMENT PROPERTY - LOCATION IS 1509 DOCTORS DR., IN BOSSIER CITY, LA. 71111. CAP RATE OVER 8% AND OWNER HAS A LONGTERM LEASE, JULY 2024 ENDING JUNE 30, 2029, WITH ANOTHER 5 YEAR OPTION TO JUNE 30,2034 FROM A MEDICAL SUPPLY COMPANY. GENERATES $86,400 A YEAR IN RENT CURRENTLY, SELLER ADDED 5K EXPENSE FOR TAXES. RENTAL INCOME INCREASES 3% ANNUALLY, BUILDING HAS BEEN REMODELED, WITH A NEW ROOF AND NEW AIR CONDITIONING UNITS. LARGE LOT WITH ANOTHER BUILDING IN THE REAR, WITH LOTS OF PARKING, WITH ACCESS ON ONE SIDE OF THE BUILDING AND EGRESS ON THE OTHER SIDE. GREAT LOCATION IN NORTH BOSSIER WALKING DISTANCE TO AIRLINE DRIVE, NEAR I-220, I-20 AND I-49. AIRPORT IS ABOUT 10-15 MINUTES AWAY.
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0BEDS
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0.69ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
INVESTMENT PROPERTY - LOCATION IS 1509 DOCTORS DR., IN BOSSIER CITY, LA. 71111. CAP RATE OVER 8% AND OWNER HAS A LONGTERM LEASE, JULY 2024 ENDING JUNE 30, 2029, WITH ANOTHER 5 YEAR OPTION TO JUNE 30,2034 FROM A MEDICAL SUPPLY COMPANY. GENERATES $86,400 A YEAR IN RENT CURRENTLY, SELLER ADDED 5K EXPENSE FOR TAXES. RENTAL INCOME INCREASES 3% ANNUALLY, BUILDING HAS BEEN REMODELED, WITH A NEW ROOF AND NEW AIR CONDITIONING UNITS. LARGE LOT WITH ANOTHER BUILDING IN THE REAR, WITH LOTS OF PARKING, WITH ACCESS ON ONE SIDE OF THE BUILDING AND EGRESS ON THE OTHER SIDE. GREAT LOCATION IN NORTH BOSSIER WALKING DISTANCE TO AIRLINE DRIVE, NEAR I-220, I-20 AND I-49. AIRPORT IS ABOUT 10-15 MINUTES AWAY.
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