817-932-6100
3980 Old Sterlington Rd, Monroe, LA for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

3980 Old Sterlington Rd
Monroe, LA 71203


HIGHLIGHTS

  • $63K Expense Reduction Opportunity
  • Implement RUBS Billing
  • Boost Efficiency & Cut Costs
  • Desirable Floor Plan Mix
  • Attractive Financing Available
  • $10B Meta Data Center Nearby

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of Van Mark, a 144-unit multifamily property built in 1985 and located in Monroe, LA. The asset presents multiple avenues for improving net operating income through a 45% utility cost reduction plan and RUBS implementation to recapture 80% of water/sewer expenses. Additional upside includes cutting admin and maintenance costs, while its 60% two-bedroom mix averaging 1,005 square feet supports broad tenant appeal. Van Mark is strategically positioned near major demand drivers including the $10 billion Meta data center in Rayville, Lumen Technologies HQ, University of Louisiana Monroe, Monroe Regional Airport, and two major hospitals. Investors can also benefit from attractive new debt with interest-only terms.

FOR SALE DETAILS

PRICE

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# OF UNITS

144

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van Mark

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.49 AC

LAND SF

500,504 SF

ZONING

-

APN/PARCEL ID

77271

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

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