24 Steep Drive, Rayville, LA 71269

Rayville
Local realty services provided by:Better Homes and Gardens Real Estate Veranda Realty
24 Steep Drive,Rayville, LA 71269
$6,825,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jennifer causey, orie morris
Office: john rea realty
MLS#:220724
Source:LA_NEBOR

Price summary

  • Price:$6,825,000

About this home

Prime opportunity to acquire a 22-home, income-producing residential portfolio in Richland Parish; an area of regional growth and expanding demand for quality housing. Built between 2024 and 2026, the site-built 3-bedroom, 2-bath homes contain approximately 27,405 total square feet and are concentrated in three nearby locations near I-20 and LA-133 - providing a more efficient ownership and management structure than a widely scattered rental package. The Seller-provided rent roll reflects 22 occupied homes generating $51,520 in monthly rent, $618,240 in annual gross rent and preliminary NOI of $508,708, with all utilities paid by tenants. Offered at $6,825,000, the portfolio reflects a 7.45% asking cap rate based on current Seller-provided financials. The portfolio is already serving corporate and contractor-related occupancy connected to significant regional development activity. Its newer housing stock and concentrated footprint position it well to accommodate continued...

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Home facts

  • Subdivision & Development:OTHER
  • Listing ID #:220724
  • Added:55 day(s) ago
  • Updated:October 23, 2026 at 03:56 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Electric Range/Oven, Microwave, Refrigerator

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Electric

Structure and exterior

  • Roof:Composition
  • Construction Materials:Brick Veneer, Vinyl Siding
  • Exterior Features:Outdoor Lighting, Porch Covered
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Private, Septic

Finances and disclosures

  • Price:$6,825,000

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:Ceiling Fan(S), Electric Water Heater, Gravel Drive, Gutters, Wireless Internet

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