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.
Pending
Price cut: $24.9K (2/11)
$275,000
60 W Elmwood Dr, Monroe, LA 71203
10beds
--baths
--sqft
Est.:
Quadruplex, Residential Income
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious modern living spaces
- 253 days
- on Zillow |
- 82 |
- 1 |
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#: 211297

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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