209 Mitchell Lane $115,000
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- Beds
- 3
- Baths
- 3
- SqFt
- 1,698
- Year Built
- 1927
- Heat
- Natural Gas,Wall Heater
- Garage Type
- None
- Roof
- Architecture Style
This 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 provides 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.
Cash,Conventional
209 Mitchell Lane
West Monroe, Louisiana 71291 Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212524
Last Updated: Tuesday, 19 November 2024 19:08
Listed by THLT [For Sale]
- Beds
- 3
- Baths
- 3
-
SqFt
- 1,698
- Lot Type
- Corner Lot
- Heat
- Natural Gas,Wall Heater
- Cooling
- Wall/Window Unit
- Siding
- Frame,Vinyl Siding
- Roof
- Architecture Style
- Year Built
- 1927
- School District
- WEST MONROE HIGH SCHOOL
- Style
- Bungalow
- Garage Type
- None
209 Mitchell Lane
West Monroe, Louisiana 71291 Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212524
Last Updated: Tuesday, 19 November 2024 19:08
Listed by THLT [For Sale]
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209 Mitchell Lane
West Monroe, Louisiana 71291 Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212524
Last Updated: Tuesday, 19 November 2024 19:08
Listed by THLT [For Sale]