This is a residential home that offers a host of financial options to convert into commercial space. Several homes on the street have already gone through this process. They are up and running with 100% occupancy. Perfect for Lawyers office, Title Company, Real Estate Office, Dentist Office, Veterinary office, Insurance, Beauty Salon/Barber Shop, Doggy Day Care and much, much more.
For maximum Cap rate and ROI recommend interim financing for sales price $84,500 plus $65,000 for estimated remodeling costs ($30,000 for commercial specifications i.e. all electrical, landscaping, fencing, concrete, permits etc.) for a estimated total of $149,500. Convert loan to a 30 year mortgage with a lower interest rate and then convert to commercial use and thus keep payments low and Cap rate high. "IF YOU BUILD IT, THEY WILL COME!"
Old Minden Road in one of the busiest roads in Bossier City with a daily traffic count that exceeds 30,000. A "stone’s throw" from I-20 and Airline Drive. Close to Barksdale AFB, I-220, I-49, downtown Shreveport & Bossier City, Boardwalk, area Casinos, Bossier Parish Community College, Teague and Clyde Vant Parkways, South Bossier, Central Bossier and North Bossier as well as Southeast Shreveport (Shreve City, Youree Drive, Broadmoor, and LSUS etc.).
Broker/Owner has several projects in the works and cannot get to this project for a few months but will eventually do everything I'm recommending for this property. If "Potential" is the optimum word in real estate and this property reeks of potential. Like any investment potential you can sit back and watch it happen or jump in and make it happen. The numbers speak for themselves so it's up to you! - Number of buildings: 1
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Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.