Listing Agency: Coldwell Banker Group One Realty d***@icloud.com Show Phone

Listed By: Dathan Phillips · License #LA 0000017199-ACT

Source: Crexi

Added: Apr 12 Changed: Jul 21 Last Checked: Jul 30 at 12:42PM

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Investment Insights

Based on property information with market context.

This turnkey residential income portfolio consists of 49 houses and is currently operating at 100% occupancy with 100% of current rents in place. The units are described as very well maintained, and the offering includes 16 units that are past ready for a $100 per month rent increase.

The property is associated with Monroe, Swartz, Sterlington, and West Monroe.

The annual gross income is approximately $423,900, based on the information provided.

Key Highlights

• 49‑house residential income portfolio with 100% occupancy
• 100% current rent in place
• Approximately $423,900 annual gross income

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 71203, LA

37,438

Population

17,178

Households

2.2

Avg Household Size

35

Median Age

32%

College-Educated

90%

High-School Grad

118.5 sq mi

ZIP Area

316

Density / Sq Mi

$46,822

Median Household Income

$35,630

Median Earnings

$987

Median Rent

$181,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 49-house residential income portfolio with 100% occupancy and current rents, fully maintained and ready to operate.

Where is this apartment building located?

The property is located at 84 Nelson Rd Monroe, LA.

What are key features of this property?

This property features: 49‑house residential income portfolio with 100% occupancy; 100% current rent in place; Approximately $423,900 annual gross income