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521-523 Dudley Drive

Shreveport, LA 71104
  • $275,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 20520586
UPDATED: 101 min ago
$275,000
  • 4
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Steven Mabry of Century 21 Elite: 318-868-3600.

Description

Excellent investment property with a Cap Rate of 9.39% at current asking price. Beautiful, well maintained duplex in Historical South Highland. Total monthly rent: $2,450. Total annual rent: $29,400. Annual gross expense: $3,567 (taxes & ins.). Annual net income: $25,833. Downstairs tenant (521 Dudley) has leased for 3 yrs. Upstairs tenant (523 Dudley) has leased for 31 yrs. Both units are leased thru 12-31-2024. Ea. unit is approx. 1,406 sf, 2 BR, 1 full BA and ea. includes a wood burning fireplace, covered side porch, stackable washer-dryer area. Tenants pay all utilities & are separately metered. New roof in 2023. Washer, dryer, fridge & microwave in ea. unit. Downstairs unit has a 3rd room that can be used as an office or other. Hardwood floors, ceramic tile & some carpet. FHA loan may be ASSUMABLE at 3.375%, but neither lease expires until 12-31-24 so occupancy can't take place until 1-1-25. Loan origination date: 7-1-2020. Lease copies available on request.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mike Moore Team | Pinnacle Realty Advisors. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Mike Moore Team | Pinnacle Realty Advisors are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-03-03T23:41:15.813.
www.themikemooreteam.com/homes/147082119
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521-523 Dudley Drive Shreveport, LA 71104

  • Price: $275,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 101 min ago
  • MLS #: 20520586
4
Beds
1
Baths
0
½ Baths
0.19
Acres
1945
Built
Neighborhood:
Slattery Park Sub
County:
Caddo
Area:
Shreveport
Elementary School:
Caddo ISD Schools
High School:
Caddo ISD Schools
School District:
Caddo Psb
Property Description
Excellent investment property with a Cap Rate of 9.39% at current asking price. Beautiful, well maintained duplex in Historical South Highland. Total monthly rent: $2,450. Total annual rent: $29,400. Annual gross expense: $3,567 (taxes & ins.). Annual net income: $25,833. Downstairs tenant (521 Dudley) has leased for 3 yrs. Upstairs tenant (523 Dudley) has leased for 31 yrs. Both units are leased thru 12-31-2024. Ea. unit is approx. 1,406 sf, 2 BR, 1 full BA and ea. includes a wood burning fireplace, covered side porch, stackable washer-dryer area. Tenants pay all utilities & are separately metered. New roof in 2023. Washer, dryer, fridge & microwave in ea. unit. Downstairs unit has a 3rd room that can be used as an office or other. Hardwood floors, ceramic tile & some carpet. FHA loan may be ASSUMABLE at 3.375%, but neither lease expires until 12-31-24 so occupancy can't take place until 1-1-25. Loan origination date: 7-1-2020. Lease copies available on request.
Exterior Features

Carport Spaces 0 Construction Brick Covered Spaces 2 Exterior Features BalconyCovered Patio/Porch Fencing Back YardChain LinkPrivacyWood Foundation Slab Lot Size Source Assessor Parking Or Garage DrivewayGarage Parking Spaces 2 Patio And Porch Features CoveredSide Porch Pool On Property No Roof AsphaltComposition Waterfront YN No

Interior Features

Appliances DishwasherElectric OvenGas CooktopGas Oven Basement No Cooling Ceiling Fan(s)Central AirElectric Fireplace Features Wood Burning Fireplaces 2 Flooring Ceramic TileHardwood Garage Yes Handicap YN No Heating CentralElectric Interior Features Cable TV AvailableDecorative LightingHigh Speed Internet AvailableNatural Woodwork Window Features Window Coverings

Property Features

Accessory Unit YN No Alarm Or Security Type Carbon Monoxide Detector(s)Security LightsSmoke Detector(s) Building Area Source Assessor Building Area Total 2812.00 Complex Name South Highland Duplex Construction Status Preowned Gross Annual Expenses 2554.00 Gross Annual Income 29400.00 HOA None Horse Permitted No Insurance Expense 1013 Levels Two List MLSProvider Northwest Louisiana Association of REALTORS® Listing Terms AssumableCashFHA Assumable Municipal Utility District No Net Operation Income 25833 Operating Expense Includes Maintenance Grounds Possession Closing/Funding Property Type Duplex Tenancy Lease While on MarketOver 9 MonthsPet Restrictions Utilities Cable AvailableCity SewerCity WaterCurbsNatural Gas AvailablePhone AvailableSidewalk Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mike Moore Team | Pinnacle Realty Advisors. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Mike Moore Team | Pinnacle Realty Advisors are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-03-03T23:41:15.813.
 
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Mike Moore Team | Pinnacle Realty Advisors
7591 Fern Ave, Suite 1202
Shreveport LA, 71105
Offered by Steven Mabry of Century 21 Elite: 318-868-3600.