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The Creswell Hotel 727 Milam St 17 Unit Apartment Building $850,000 ($50,000/Unit) Shreveport, LA 71101
INVESTMENT HIGHLIGHTS
- In Historic Downtown Shreveport near G Unit Studios
- Historic Tax Credits approved for current configuration
- Perfect for Airbnb Conversation
EXECUTIVE SUMMARY
This Historic 61 Room Creswell Hotel in downtown Shreveport's Historic District was originally built in 1927 as Shreveport’s first Fire Proof Hotel due to its concrete construction. A Buyer will inherit the building in a shell condition with a set of Historic Tax Credit approved architectural design plans for 17 Residential Units and 4 Commercial spaces. The purchase includes a parking lot. Very Cool Building.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 181437-111-0018-00 | Improvements Assessment | $33,563 |
| Land Assessment | $6,274 | Total Assessment | $39,837 |
PROPERTY TAXES
Parcel Number
181437-111-0018-00
Land Assessment
$6,274
Improvements Assessment
$33,563
Total Assessment
$39,837
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The Creswell Hotel | 727 Milam St
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