314 Tennessee St Unit 5, Monroe, LA 71203
- $245,000
- 6
- BD
- List Price
- $245,000
- Price Change
- ▼ $4,000 1787966467
- Status
- ACTIVE
- MLS#
- 218353
- Bedrooms
- 6
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
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Additional Information
- Area
- 133 Ulm/Town & Country/Lake Shor
- Subdivision
- Lakeshore
- Interior Features
- Ceiling Fans
- Heating
- Wall Furnace
- Cooling
- Window/Wall
- Roof
- Asphalt
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Lakeshore O
- High School
- Ouachita O
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Listing courtesy of Cypress State Realty.