2022 Filhiol Avenue, Monroe, LA 71203

Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard, this concrete-on-slab property features 5 bedrooms, 3 bathrooms, two living rooms, and two large kitchens, one on each side of the home. The layout offers flexibility for investors, with the potential to convert the property back into a traditional duplex in the future. Additional features include two central air and heat systems, updated sewer lines, and plumbing improvements throughout the property. Located in a desirable area close to local amenities, this property offers strong current cash flow with future value-add potential. Seller will have tree limbs in the yard cleaned up prior to...