1702 Grammont St - Apartments FOR SALE


Monroe, LA 71201
$775,000 USD
318-362-0007
1702 Grammont St, Monroe, LA for Sale
$775,000 USD
Apartments - FOR SALE
1/13
null | 7.7% Cap Rate

1702 Grammont St
Monroe, LA 71201


OVERVIEW

Welcome to 1702 Grammont St in Monroe, a professionally managed, fully occupied duplex portfolio built in 2021 offering 10 total units across five identical 2-bedroom, 1-bath duplexes, each with 720 heated square feet per unit and 1,440 total per structure. This income-producing property features consistent rental performance with a reported gross income of $83,803 and net income of $59,664, supported by a detailed rent roll with current monthly rents ranging from $695 to $755 across all units. Interior layouts include a practical living area leading into an efficient kitchen, two bedrooms, and one full bath per unit. Each duplex provides a uniform floor plan for streamlined management and leasing. Exterior grounds offer straightforward maintenance and on-site parking. Showings are available after an accepted offer. Priced at $775,000, this Monroe investment opportunity delivers modern construction, full occupancy, and strong income stability-schedule your inquiry today.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

10

PRICE/UNIT

$77,500

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

52848

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.