616-624 Texas St | Shreveport, LA 71101
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- LoopNet Team
616-624 Texas St
Shreveport, LA 71101
Lofts @ 624 · Multifamily Property For Sale
·
64 Units
INVESTMENT HIGHLIGHTS
- 75% Above Market Multi-Family 48 Units Fully Leased -25% Office Retail 90% Leased
- Historic Tax Credit Restrictions Expire in 2021
- Owners Inherited the Property and are Motivated Sellers !
- 12,000 Surface Parking Lot Included in Sales Price
- Downtown Shreveport's Lofts are in High Demand
PROPERTY FACTS
| No. Units | 64 | Building Size | 54,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2015 |
| Building Class | A | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | CBD | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.27 AC |
| Building Size | 54,000 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2015 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | CBD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Hardwood Floors
- Loft Layout
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 30 | $875.00 | - |
| 2+2 | 20 | $1,500 | - |
| 1+2 | 14 | $2,000 | - |
PROPERTY TAXES
| Parcel Number | 181437-120-0028-00 | Improvements Assessment | $9,000 |
| Land Assessment | $12,000 | Total Assessment | $21,000 |
PROPERTY TAXES
Parcel Number
181437-120-0028-00
Land Assessment
$12,000
Improvements Assessment
$9,000
Total Assessment
$21,000
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