5200 East Texas Street
Bossier City, LA 71111
Significant Capital Infusion Completed by Current Ownership
Built in 2009, the asset is incredibly well maintained, as evidenced by current ownership’s investment of over $3.2M in the last five years alone. Significant Capital Expenditures include:
Huge Opportunity to Strategically Push Premiums $220+ Per Unit (Monthly)
With strategic enhancements via renovations to the interior finish package, new ownership has the significant opportunity to push premiums over $220 per unit across the board. Completion of moderate upgrades including new cabinetry, vinyl plank flooring, and light fixtures enable the ability to push annual rental income by $674,534 in the first year alone!
Proven Ability to Add Additional Units by Converting Retail Space
Current ownership spent $2M converting roughly 13,000 square feet of retail space into 16 units boasting ultra-high-end upgrades back in 2020. Now, these units are achieving HUGE premiums of $81-$177 higher than those units that are similar in size at the property. Those conversions included brand new cabinets, custom granite countertops, vinyl plank floors and 12+ foot ceilings.
When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.
MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111
A Licensed Louisiana Broker #BROK.995705727-ACT