1223 Norris Dr, Bossier City, LA 71111

HUGE PRICE DROP!!! GOOD BONES WITH A GOOD FLOOR PLAN & FLOW PLAN. Home includes long driveway to a large 2 car garage and shop off to the side. Home needs repairs and updates but should pass an appraisal for conventional loan. Owners are not willing to make any repairs as a result of home inspections or appraisal unless we raise the price to cover buyers request for repairs and or closing costs BUYERS looking for a bargain should look in to interim financing to include the sales price of the home along with the closing costs, pre-paids (for your taxes and insurance) and the costs to update and remodel the home (approximately $30,000 + - $5,000) with a local bank or hard money lenders and convert it onto a mortgage of choice (VA, FHA, Conventional) when complete. Home should then appraise for close to $165,000 (+ - $5,000) earning you potentially $25,000+ in instant equity (profit potential). INVESTORS looking for a home that needs TLC for their rental portfolio via DSCR loan or hard money lending. Home should rent for $1,800 (+ - $100). Obtaining a DSCR loan for 80% of ARV, closing costs and sales price will provide you with $22,000 to $26,000 to update and repair the home. Monthly note (P.I.T.I.) approximately $1,200 and should rent for $1,700 earning $500 in residual income. Located close to I 20, I 220, I 49, Barksdale AFB, Global Strike, BPCC, downtown Shreveport & Bossier, great blue-ribbon schools and the best shopping & dining the area has to offer off Airline. We're l