60 W Elmwood Dr

For Sale

60 W Elmwood Dr, Monroe, LA 71203

This Monroe property for sale is located at 60 W Elmwood Dr. The current listed sale price for 60 W Elmwood Dr is $310,000. 60 W Elmwood Dr is situated on a lot that is 0.29 acre in size.

Contacts

broker

John "Louis" Luffey III

NAI Faulk & Foster

Property Details

  • Property Type Multi-Family
  • Property Size 6,700 SF
  • Units 4
  • Lot Size 0.29 Acre
  • Additional Rent Contact for pricing
  • Year Built 1977
  • Year Renovated 2023
  • Date Updated Oct 12, 2024
Monroe, LA, boasts a vibrant community and enticing amenities, presenting a compelling backdrop for prospective multifamily, investors. The area is home to the scenic Kiroli Park, offering serene outdoor spaces ideal for relaxation and recreation. With proximity to the University of Louisiana at Monroe and the Pecanland Mall, residents of the area have access to educational resources and diverse shopping and dining experiences. The location's proximity to major roadways and employment centers further enhances its appeal, providing convenience and connectivity for potential residents. Additionally, the area's growing economy and range of cultural events contribute to an appealing atmosphere for multifamily investment.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 !00% 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.

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Highlights

  • - 6,700 SF building with 4 spacious units
  • - Three units extensively renovated in the past three years
  • - Modern and well-maintained interior and exterior
  • - Prime location in Monroe, LA
  • - Updated amenities and contemporary living spaces
  • - Potential for long-term value and positive returns

Getting around

  • 24/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Monroe, LA
  • Zip Code 71203

Points of Interest

  • Brookshire's Gas

    0.54 miles

  • Daily Press

    0.69 miles

  • Chevron

    4.36 miles

  • Tesla Supercharger

    4.49 miles

  • Brookshire's Gas

    5.88 miles

  • RaceWay

    6.02 miles

  • Shell

    7.65 miles

  • ULM Commuter Student Parking Garage

    2.25 miles

  • Budget Inn

    3.11 miles

  • Residence Inn

    4.28 miles

  • TownePlace Suites

    4.50 miles

  • Courtyard by Marriott Monroe Airport

    4.55 miles

  • Quality Inn

    4.63 miles

  • Days Inn

    4.80 miles

  • Hamilton House Inn

    4.95 miles

  • Super 8

    6.04 miles

  • Americas Best Value Inn

    6.08 miles

  • Best Western

    6.24 miles

  • Brookshire's

    0.55 miles

  • Geneva's Plaza

    1.04 miles

  • Walmart Neighborhood Market

    2.41 miles

  • Walmart Supercenter

    2.74 miles

  • Super 1 Foods

    2.77 miles

  • Brookshire's

    3.05 miles

  • Walmart Neighborhood Market

    3.26 miles

  • Brookshire's

    3.41 miles

  • Kohl's

    4.14 miles

  • Dillard's

    4.28 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John "Louis" Luffey III

NAI Faulk & Foster