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Desiree Walker

desiree@havenhomesteam.com +1(318) 381-4184

Listed by Scott Leo • Cypress State Realty

$245,000

Est. payment - /mo

6 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Lakeshore

MLS Listing ID 218353

Bedrooms 6

Property Sub-Type Quadruplex

Property Description

Excellent income-producing property featuring a fourplex plus an additional mobile home on a separate lot, creating a total of five rental units. The fourplex rents for $600 per unit and the mobile home rents for $675 per month, generating approximately $3,075 in total monthly income ($36,900 annually). This property has historically maintained strong occupancy and has been a reliable investment. Each unit has separate electric meters, and the landlord pays the water bill, which has remained minimal. The building also features a convenient master key lock system for easy management. Two units are currently furnished and rented to Meta employees, offering potential for furnished rentals if desired. Furniture is not included in the sale. Located just minutes from ULM and near the Monroe city limits, this property offers a strong rental location with value-add potential through cosmetic improvements that could increase rents and overall returns. A great opportunity for investors looking to expand their portfolio with a stabilized property priced to sell. Owner/Agent

Location

State LA

County Ouachita

Direction Desiard Street past ULM, left onto Tennessee and the property is on the right

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Appliance Refrigerator, Electric Range, Gas Water Heater

Laundry None

Exterior

Utilities Available Natural Gas Connected

Roof Type Asphalt Shingle

Private Pool false

Building

Foundation Slab

Sewer Public Sewer

Water Public, Electric Company: City

Schools

Elementary Schools Lakeshore O

High Schools Ouachita O

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NEARBY SCHOOL & BUSINESS

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Desiree Walker

+1(318) 381-4184

Production Assistant License ID: 995720053

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West Monroe/ Monroe Homes for Sale

314 TENNESSEE STREET #5 Monroe, LA 71203

Desiree Walker

Key Details

Location

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

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