209 Mitchell Lane $115,000
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- 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.
209 Mitchell Lane
West Monroe, Louisiana 71291 Subdivision: OTHER
Parish: Ouachita
Sale Type: For Sale
Ref #: 212516
Last Updated: Tuesday, 19 November 2024 19:08
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: 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 #: 212516
Last Updated: Tuesday, 19 November 2024 19:08
Listed by THLT [For Sale]