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Pending
  • Price cut: $24.9K (2/11)
    $275,000

    60 W Elmwood Dr, Monroe, LA 71203

    10beds
    --baths
    --sqft
    : 
    Quadruplex, Residential Income
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious modern living spaces
    Introducing an exceptional opportunity for multifamily investors in the Monroe area. This impressive property spans 6,700 square feet and comprises 4 units, offering spacious, modern living spaces for residents. With three of the four units recently renovated in the past three years, the property showcases a contemporary and well-maintained aesthetic. The property also had a new roof in 2021 and three new A/C units installed. The owner pays water $300 month and trash $70 month and grosses $3,625 a month at 100% occupancy. With a prime location in Monroe, LA, this investment presents an attractive proposition for those seeking a multifamily property with substantial potential for long-term value and positive returns. Embrace the opportunity to invest in a property that combines timeless charm with modern comfort and convenience. *Property can be shown with an accepted contract. Please do not disturb the tenants.
    253 days
    on Zillow
    |
    82
    |
    1
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    Zillow last checked: 7 hours ago

    Listing updated: March 31, 2025 at 10:09am

    Listed by:

    Louis Luffey,

    Faulk & Foster Real Estate Services

    Source: NELAR,MLS#: 211297MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    Heating
    • Electric, Central
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Disposal, Refrigerator, Electric Range, Range Hood, Electric Water Heater
    • Laundry: In Unit, Washer/Dryer Connect
    Features
    • Ceiling Fan(s), Walk-In Closet(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room

    Property

    Parking
    • Parking features: Hard Surface Drive
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Patio, Enclosed Patio
    Lot
    • Size: 0.29 Acres
    Details
    • Additional structures: Storage
    • Parcel number: 5374

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Residential Income
    Materials
    • Brick Veneer, Other
    • Foundation: Slab
    • Roof: Architectural Style,Asphalt Shingle

    Utilities & green energy

    • Electric: Separate Meters, Electric Company: Entergy
    • Gas: None, Gas Company: None
    • Sewer: Public Sewer
    • Water: Public, Electric Company: Town & Country
    • Utilities for property: Natural Gas Not Available

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Town & Country
    Location
    • Region: Monroe

    Financial & listing details

    • Tax assessed value: $105,379
    • Annual tax amount: $1,492
    • Date on market: 8/15/2024
    • Total actual rent: 3625
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