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303 Woodale Dr 4 Unit Apartment Building $359,366 CAD ($89,842 CAD/Unit) 8.31% Cap Rate Monroe, LA 71203
Executive Summary
Welcome to 303 Woodale Dr in Monroe, a fourplex investment opportunity offering four 2-bedroom, 2-bath units with ~1,035 heated square feet per unit. This professionally managed porperty is situated on approximately 0.24 acres, this income-producing property features consistent rental performance with current monthly rents ranging from $805 to $850 across all units. Reported gross income is $38,412 with a net income of $22,032. Each unit offers a functional layout with a comfortable living area, kitchen, two bedrooms, and two full bathrooms, providing an attractive floor plan for tenants. Exterior features include on-site parking and manageable grounds for ease of ownership. Showings available after an accepted offer. This Monroe fourplex presents a solid investment with steady income and strong rental demand.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$52,091
|
$12.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,611
|
$0.39
|
| Effective Gross Income |
$50,479
|
$12.19
|
| Taxes |
$2,116
|
$0.51
|
| Operating Expenses |
$18,486
|
$4.47
|
| Total Expenses |
$20,602
|
$4.98
|
| Net Operating Income |
$29,878
|
$7.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $52,091 |
| Annual Per SF | $12.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,611 |
| Annual Per SF | $0.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $50,479 |
| Annual Per SF | $12.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,116 |
| Annual Per SF | $0.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,486 |
| Annual Per SF | $4.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,602 |
| Annual Per SF | $4.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $29,878 |
| Annual Per SF | $7.22 |
Property Facts
| Price | $359,366 CAD | Property Subtype | Apartment |
| Price Per Unit | $89,842 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Size | 4,140 SF |
| Cap Rate | 8.31% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $359,366 CAD |
| Price Per Unit | $89,842 CAD |
| Sale Type | Investment |
| Cap Rate | 8.31% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 4,140 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,109 CAD | - |
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303 Woodale Dr
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