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Listed by Scott Leo • Cypress State Realty
$ 249,000
Est. payment | /mo
6 Beds
$ 249,000
Est. payment | /mo
6 Beds
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