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1702 Grammont St
Monroe, LA 71201
Multifamily Property For Sale
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10 Units
Executive Summary
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. Priced at $775,000, this Monroe investment opportunity delivers modern construction, full occupancy, and strong income stability-schedule your inquiry today.
Property Facts
| Price Per Unit | $105,098 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 7.70% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price Per Unit | $105,098 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $942.49 CAD | 720 |
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