Introducing an exceptional opportunity for multifamily investors in the Monroe area. This impressive property spans 6,700 square feet and comprises 4 units, offering spacious, modern living spaces for residents. With three of the four units recently renovated in the past three years, the property showcases a contemporary and well-maintained aesthetic. The property also had a new roof in 2021 and three new A/C units installed. The owner pays water $300 month and trash $70 month and grosses $3,625 a month at 100% occupancy. With a prime location in Monroe, LA, this investment presents an attractive proposition for those seeking a multifamily property with substantial potential for long-term value and positive returns. Embrace the opportunity to invest in a property that combines timeless charm with modern comfort and convenience. *Property can be shown with an accepted contract. Please do not disturb the tenants.
Sold on 06/20/25
Price Unknown
60 W Elmwood Dr, Monroe, LA 71203
10beds
--baths
--sqft
Quadruplex, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$1,067 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 23, 2025 at 02:39pm
Listed by:
Louis Luffey,
Faulk & Foster Real Estate Services
Bought with:
Dustin James
Keller Williams Parishwide Partners
Source: NELAR,MLS#: 211297
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Heating
- Electric, Central
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Electric Range, Range Hood, Electric Water Heater
- Laundry: In Unit, Washer/Dryer Connect
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Living Room
Property
Parking
- Parking features: Hard Surface Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Patio, Enclosed Patio
Lot
- Size: 0.29 Acres
Details
- Additional structures: Storage
- Parcel number: 5374
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick Veneer, Other
- Foundation: Slab
- Roof: Architectural Style,Asphalt Shingle
Utilities & green energy
- Electric: Separate Meters, Electric Company: Entergy
- Gas: None, Gas Company: None
- Sewer: Public Sewer
- Water: Public, Electric Company: Town & Country
- Utilities for property: Natural Gas Not Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Monroe
- Subdivision: Town & Country
HOA & financial
Other financial information
- Total actual rent: 3625