209 Mitchell Lane $115,000

Beds
3
Lot Acres
0.15
Year Built
1927
Heat
Wall Heater
Roof
Architectural Style
This residential income triplex, located in the heart of West Monroe, presents a strong investment opportunity with immediate cash flow potential. The property consists of three one-bedroom, one-bath units, each featuring a kitchen and washer/dryer hookups. Currently, one unit is leased at $675 per month, with two additional units generating $650 and $675 each. On-site parking and a yard provide added value for tenants. One unit has been updated with fresh paint throughout. With the opportunity to further increase rents as leases turn over, this triplex offers excellent upside potential. Its central location in West Monroe makes it an attractive option for tenants seeking convenience and accessibility. Ideal for investors looking to add a reliable, low-maintenance asset to their portfolio, this property is primed for long-term income generation.
Interior Amenities
Exterior Amenities
Landscape Amenities
Appliance Amenities
209 Mitchell Lane
West Monroe, Louisiana 71291
Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212516
Last Updated: Thursday, 21 November 2024 11:15
Listed by THLT [For Sale]
Beds
3
Lot Acres
0.15
Heat
Wall Heater
Cooling
Wall/Window Unit
Siding
Frame,Vinyl Siding
Roof
Architectural Style
Year Built
1927
School District
W MONROE O
209 Mitchell Lane
West Monroe, Louisiana 71291
Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212516
Last Updated: Thursday, 21 November 2024 11:15
Listed by THLT [For Sale]

Please complete the form below to request a showing for this property. We will review your request and respond to you as soon as possible. Please add any additional notes or comments that we will need to know about your request.

 
209 Mitchell Lane
West Monroe, Louisiana 71291
Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212516
Last Updated: Thursday, 21 November 2024 11:15
Listed by THLT [For Sale]
209 Mitchell Lane

Copyright 2016 NELAR. All rights reserved. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable, yet users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither NELAR nor NELAR MLS makes any representation, guarantees, or information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site. The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties, which consumers may be interested in purchasing.

Realtor LogoJames Christopher Christmas, Broker

Bastrop, Morehouse Parish, Bastrop, LA, USA

Louisiana Real Estate Commission

Quick Request