2 Property HAP Portfolio

Shreveport HAP Photo


4305 Illinois Avenue, Shreveport, LA 71109

Asset Class

LIHTC / HAP Contracts

Year Built

1969/ 1971



Investment Sale


Both properties are adjacent to one another which presents tremendous operational upside for new ownership.

With a robust near 10 years left on the Housing Assistance Payments (HAP) contracts, the property guarantees a consistent income flow, supported by government-backed subsidies for eligible low-income tenants. Prospective buyers can secure a stable and predictable investment, aligning seamlessly with long-term goals of financial security and sustained rental income.

The rent roll is well below max allowable rents creating a value-add play as well as operational upside.
The location provides effortless access to downtown and key employment hubs benefiting from close proximity to major employers such as Hyundai Clovis Distribution Center in the Shreveport Business Park, Willis-Knighton Health System, a prominent healthcare institution, Calumet Specialty Products Plant, 4 major casinos, LSU Health Sciences Complex. This locale ensures not only convenience in daily commutes but also easy access to quality healthcare and educational resources.


Stirling Investment Advisors
Chad Rigby
Phone: (225) 329-0265
Email: crigby@stirlingprop.com

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