314 Tennessee Street #5, Monroe, LA 71203

Monroe
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
314 Tennessee Street #5,Monroe, LA 71203
$245,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: scott leo
Office: cypress state realty
MLS#:218353
Source:LA_NEBOR

Price summary

  • Price:$245,000

About this home

Excellent income-producing property featuring a fourplex plus an additional mobile home on a separate lot, creating a total of five rental units. The fourplex rents for $600 per unit and the mobile home rents for $675 per month, generating approximately $3,075 in total monthly income ($36,900 annually). This property has historically maintained strong occupancy and has been a reliable investment. Each unit has separate electric meters, and the landlord pays the water bill, which has remained minimal. The building also features a convenient master key lock system for easy management. Two units are currently furnished and rented to Meta employees, offering potential for furnished rentals if desired. Furniture is not included in the sale. Located just minutes from ULM and near the Monroe city limits, this property offers a strong rental location with value-add potential through cosmetic improvements that could increase rents and overall returns. A great opportunity for investors...

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Home facts

  • Subdivision & Development:LAKESHORE
  • Listing ID #:218353
  • Added:230 day(s) ago
  • Updated:October 23, 2026 at 03:57 PM

Rooms and interior

  • Kitchen Description:Electric Range/Oven, Refrigerator

Heating and cooling

  • Cooling:Wall/Window Unit
  • Heating:Wall Heater

Structure and exterior

  • Roof:Asphalt Shingle
  • Construction Materials:Masonite
  • Exterior Features:Porch Open
  • Foundation Description:Slab

Schools

  • High school:OUACHITA O
  • Elementary school:LAKESHORE O

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$245,000

Features and amenities

  • Amenities:Ceiling Fan(S), Gravel Drive, Natural Gas Water Heater

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