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. Conventional loan may be ASSUMABLE at 3.375%. Loan origination date: 7-1-2020. Lease copies available on request. Call Colin Webb at 318-820-5415 for loan assumption process & info.

Features
: Central, Electric
: Central Air, Electric, Ceiling Fan(s)
: Chain Link, Wood, Privacy, Back Yard
: Wood Burning
: Smoke Detector(s), Security Lights, Carbon Monoxide Detector(s)
: Covered, Side Porch
: Composition, Asphalt
: Garage, Driveway
: Balcony, Covered Patio/porch
: Ceramic Tile, Hardwood
: High Speed Internet Available, Cable Tv Available, Decorative Lighting, Natural Woodwork
Appliances
: Dishwasher, Gas Cooktop, Gas Oven, Electric Oven
Address Map
521-523 Dudley Drive, Shreveport, Caddo Parish, Lo
US
LA
Caddo
Shreveport
Slattery Park Sub
71104
Dudley
521-523
Drive
0
W94° 15' 35''
N32° 28' 16.2''
Neighborhood
Caddo ISD Schools
Caddo ISD Schools
Caddo ISD Schools
MLS Addon
$0
No
$0
$0
: Brick
Use GPS.
2
2
Yes
$0
No
No
$0
Assessor
8407.08
No
$0
ntreis
171307084002800
30/01/2024 12:48:53
28
No
$0
$0
$0
: Phone Available, Natural Gas Available, Cable Available, City Sewer, City Water, Curbs, Sidewalk

521-523 Dudley Drive

Shreveport Louisiana 71104

4 Bedrooms
1 Bathrooms
0 Sqft
$275,000
Listing ID #20520586
Basic Details
Property Title : 521-523 Dudley Drive
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 20520586
Price : $275,000
Bedrooms : 4
Bathrooms : 1
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1945
Lot Area : 0.19 Acre
Status : Active
PropertySubType : Duplex
Agent info
Contact Agent