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303 Woodale Dr 4 Unit Apartment Building $326,580 CAD ($81,645 CAD/Unit) 9.38% 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 |
$53,381
|
$12.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,651
|
$0.40
|
| Effective Gross Income |
$51,730
|
$12.50
|
| Taxes |
$2,168
|
$0.52
|
| Operating Expenses |
$18,944
|
$4.58
|
| Total Expenses |
$21,112
|
$5.10
|
| Net Operating Income |
$30,618
|
$7.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $53,381 |
| Annual Per SF | $12.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,651 |
| Annual Per SF | $0.40 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,730 |
| Annual Per SF | $12.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,168 |
| Annual Per SF | $0.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,944 |
| Annual Per SF | $4.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,112 |
| Annual Per SF | $5.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $30,618 |
| Annual Per SF | $7.40 |
Property Facts
| Price | $326,580 CAD | Property Subtype | Apartment |
| Price Per Unit | $81,645 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Size | 4,140 SF |
| Cap Rate | 9.38% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $326,580 CAD |
| Price Per Unit | $81,645 CAD |
| Sale Type | Investment |
| Cap Rate | 9.38% |
| 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 | $1,136 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18709 | Total Assessment | $13,311 CAD |
| Land Assessment | $1,312 CAD | Annual Taxes | $2,168 CAD ($0.52 CAD/SF) |
| Improvements Assessment | $12,000 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
18709
Land Assessment
$1,312 CAD
Improvements Assessment
$12,000 CAD
Total Assessment
$13,311 CAD
Annual Taxes
$2,168 CAD ($0.52 CAD/SF)
Tax Year
2025
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303 Woodale Dr
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