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Ravendale Drive
Shreveport, LA 71107
Asking Price
$1.00M
Asset Type
Commercial Land
Class
Class B
What's Special
Great Multi family or Hospitality location on I-220 at Red River <p>Excellent location for a multi-family development within walking distance of groceries and retail. </p><p>Convenient to North Bossier, West Shreveport, North Shreveport and Downtown.</p><p>Amazon's three million square foot fulfillment center with its two thousand employees is a mile away. Shreveport's historic Freestate Industrial Park and Grimmett Drive industrial area is also nearby home to hundreds of oil and gas related companies and other manufacturing companies. </p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
