1820 East Texas Street is a mixed-use property for lease in Bossier City, LA.
Excellent income producing property which has produced outstanding results for many years. Occupancy remains high (currently 85%) regardless of poor or good economies.
All bills paid and furnished apartments provide a much needed housing need for monthly and long term tenants. Current experienced management and on site maintenance staff to remain if desired.
21 apartment buildings on 4 plus acres located centrally in Bossier City. Construction years are 1991, 2001, 2002, 2012.
2015 Gross sales of $1,219,455 produced a net profit of $733,060. Excellent cap rate of 8.24% . Years of financial statements are available to qualified buyers.
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