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Chelsea Ross

chelsea@havenhomesteam.com +1(318) 376-6986

Listed by Jennifer Causey • John Rea Realty

$6,825,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MULTI-UNIT PROPERTIES

Listing Status Active

Purchase Type For Sale

MLS Listing ID 220724

Property Sub-Type MULTI-UNIT PROPERTIES

Property Description

Prime opportunity to acquire a 22-home, income-producing residential portfolio in Richland Parish; an area of regional growth and expanding demand for quality housing. Built between 2024 and 2026, the site-built 3-bedroom, 2-bath homes contain approximately 27,405 total square feet and are concentrated in three nearby locations near I-20 and LA-133 - providing a more efficient ownership and management structure than a widely scattered rental package. The Seller-provided rent roll reflects 22 occupied homes generating $51,520 in monthly rent, $618,240 in annual gross rent and preliminary NOI of $508,708, with all utilities paid by tenants. Offered at $6,825,000, the portfolio reflects a 7.45% asking cap rate based on current Seller-provided financials. The portfolio is already serving corporate and contractor-related occupancy connected to significant regional development activity. Its newer housing stock and concentrated footprint position it well to accommodate continued project-related housing demand while offering an investor immediate cash flow, streamlined operations and underlying home-by-home value. Supporting property, operating and lease documentation may be made available through the offering process. All financial information is Seller-provided, preliminary and subject to Buyer verification.

Location

State LA

County Richland

Zoning Parish

Direction For Magnolia/Steep/Robinson Sites: Exit 132 at Start, and head South. Travel 1 mile from the I-20 on Hwy 133, turn Left on Steep Dr. For Acadian Site: Travel 1.3 miles from I-20 on Hwy 133; take a Right on Comeaux Road, then 1 mile to left on Acadian Dr.

Interior

Interior Features Ceiling Fan(s), Wireless Internet

Heating Electric

Cooling Central Air, Electric

Fireplaces Type None

Appliance Dishwasher, Refrigerator, Electric Range, Microwave, Washer, Dryer, Electric Water Heater

Laundry In Unit

Exterior

Exterior Feature Rain Gutters

Utilities Available Natural Gas Not Available

Roof Type Composition

Private Pool false

Building

Lot Description Outdoor Lighting

Foundation Slab

Sewer Septic Tank, Private Sewer

Water Public, Electric Company: Other

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NEARBY SCHOOL & BUSINESS

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Chelsea Ross

+1(318) 376-6986

Agent License ID: 995702129

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West Monroe/ Monroe Homes for Sale

24 STEEP DRIVE Rayville, LA 71269

Chelsea Ross

Key Details

Location

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

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