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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Slattery Park Sub
MLS Listing ID 20520586
Sold Date 06/07/24
Bedrooms 4
Full Baths 1
HOA Y/N None
Total Fin. Sqft 2812
Year Built 1945
Lot Size 8,407 Sqft
Acres 0.193
Property Description
Excellent investment property with 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. 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. FHA ASSUMABLE loan at 3.375% if claimed as primary residence. Upstairs is leased thru 12-31-24. Downstairs lease terminating in June '24 so will be available as primary residence then. Lease copies and loan info available on request.
Location
State LA
County Caddo
Direction Use GPS.
Interior
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Natural Woodwork
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Ceramic Tile, Hardwood
Fireplaces Number 2
Fireplaces Type Wood Burning
Appliance Dishwasher, Electric Oven, Gas Cooktop, Gas Oven
Heat Source Central, Electric
Exterior
Exterior Feature Balcony, Covered Patio/Porch
Garage Spaces 2.0
Fence Back Yard, Chain Link, Privacy, Wood
Utilities Available Cable Available, City Sewer, City Water, Curbs, Natural Gas Available, Phone Available, Sidewalk
Roof Type Asphalt,Composition
Total Parking Spaces 2
Garage Yes
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Caddo Isd Schools
Middle Schools Caddo Isd Schools
High Schools Caddo Isd Schools
School District Caddo Psb
Others
Ownership NA
Acceptable Financing Assumable, Cash, FHA Assumable
Listing Terms Assumable, Cash, FHA Assumable
Financing VA
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Bought with Zondra Spikes • Keller Williams Northwest
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