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2100 Grimmett Dr
Shreveport, LA 71107
The Enclave · Multifamily Property For Sale
·
150 Units
PROPERTY FACTS
| No. Units | 150 | Lot Size | 8.22 AC |
| Property Type | Multifamily | Building Size | 145,300 SF |
| Property Subtype | Apartment | Average Occupancy | 42% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1969/2018 |
| Zoning | R3 | ||
| No. Units | 150 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.22 AC |
| Building Size | 145,300 SF |
| Average Occupancy | 42% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2018 |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Microwave
- Tile Floors
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
- Maintenance on site
ABOUT 2100 GRIMMETT DR , SHREVEPORT, LA 71107
COMMUNITY FEATURES • Spacious grounds with tree cover • Centrally located tenant mailboxes • New laundry machines and roof • Playground area • Ample Parking • Easy access to nearby highways INTERIOR FEATURES • Kitchen with appliances • Desirable mix of spacious units • Semi-turn key following recent improvements VALUE-ADD OPPORTUNITIES While recent renovations and improvements certainly add value to this property, there is more that can be done. Now that renovations are completed, the management team can be reduced to two personnel. Further cost saving can be achieved through water conservation efforts such as the installation of low flow toilets and water saving shower heads. The seller acquired this property with a low occupancy and has since worked to sustain occupancy in the 80-90% range. The property should be delivered at 90%. There is potential to increase rents slightly based on local effective rates.
PROPERTY TAXES
| Parcel Number | 181423-000-0075-00 | Improvements Assessment | $308,451 |
| Land Assessment | $36,250 | Total Assessment | $344,701 |
PROPERTY TAXES
