1411 Griffin St - Residential Income FOR SALE


Monroe, LA 71203
$189,000 USD
318-362-0007
1411 Griffin St, Monroe, LA for Sale
$189,000 USD
Residential Income - FOR SALE
1/5
null | Request Cap Rate

1411 Griffin St
Monroe, LA 71203


HIGHLIGHTS

  • Single offering with operational efficiency
  • Located near downtown Monroe
  • Established residential neighborhood
  • Small-batch multifamily investment opportunity
  • Suitable for value-add or long-term hold strategy

OVERVIEW

Introducing 1411 & 1413 Griffin Street in Monroe featuring a duplex and triplex investment opportunity with five total units and recent interior updates. 1411 Griffin Street includes a duplex configuration, while 1413 Griffin Street offers a triplex, providing a total of five rental units with a mix of functional layouts. Select units have seen recent improvements, including remodeled interiors in 1413 #2 and 1411 #1 completed in the past year. All units are equipped with a new Fridge and Stove and four of the five units feature updated & new HVAC systems. This income-producing property reported a gross income of $30,600 and a net income of $26,971, with current rental rates ranging from $450 to $550 per month. The property offers a straightforward exterior setup with on-site parking and manageable grounds. This multi-unit opportunity provides consistent rental performance and operational simplicity. Please do not disturb tenants. Drone Videos available on request. Schedule your inquiry today.

FOR SALE DETAILS

PRICE

$189,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,503 SF

ZONING

-

APN/PARCEL ID

93830

ASK ABOUT THIS PROPERTY

Chelsea RossColdwell Banker Group One RealtyMore Info
318-362-0007

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Chelsea RossColdwell Banker Group One RealtyMore Info
318-362-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.