Multi-Family $ 745,000

1702 GRAMMONT STREET

Monroe, LA 71201

  • 8 Beds
  • 1 Lot Size
  • 2021 Year Built
Welcome to 1702 Grammont St in Monroe, a professionally managed, fully occupied duplex portfolio built in 2021 offering 10 total units across five identical 2-bedroom, 1-bath duplexes, each with 720 heated square feet per unit and 1,440 total per structure. This income-producing property features consistent rental performance with a reported gross income of $83,803 and net income of $59,664, supported by a detailed rent roll with current monthly rents ranging from $695 to $755 across all units. Interior layouts include a practical living area leading into an efficient kitchen, two bedrooms, and one full bath per unit. Each duplex provides a uniform floor plan for streamlined management and leasing. Exterior grounds offer straightforward maintenance and on-site parking. Showings are available after an accepted offer. Video Walktrough is available. Priced at $775,000, this Monroe investment opportunity delivers modern construction, full occupancy, and strong income stability-schedule your inquiry today.
Listed by Chelsea Ross of Coldwell Banker Group One Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type MULTI-UNIT PROPERTIES

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 217939

    Bedrooms 8

    Year Built 2021

    Annual Tax Amount $4,226

    Lot Size 1.000 Acres

    Acres 1.0

    Property Sub-Type MULTI-UNIT PROPERTIES

  • Location

    State LA

    County Ouachita

    Zoning (RI) Res.

    Direction Stay on I-20 E toward Monroe. Exit to Garrett Rd and head south. Turn left onto Texas Ave, right onto N 18th St, then left onto Grammont St. Property will be on the right.

  • Building

    Lot Description Outdoor Lighting

    Foundation Slab

    Sewer Public Sewer

    Water Public, Electric Company: City

  • Interior

    Heating Electric, Wall Furnace, Separate Meters

    Cooling Electric

    Fireplaces Type None

    Appliance Refrigerator, Electric Range, Electric Water Heater

    Laundry In Unit, Washer/Dryer Connect

  • Exterior

    Utilities Available Natural Gas Not Available

    Roof Type Metal

    Private Pool false

  • Schools

    Elementary Schools Cypress Point C

    Middle Schools Carroll Cy

    High Schools Carroll Cy

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CONTACT

Chelsea Ross
Chelsea Ross

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