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1702 Grammont St 10 Unit Apartment Building $745,000 ($74,500/Unit) 8.01% Cap Rate Monroe, LA 71201
Executive Summary
Welcome to 1702 Grammont St in Monroe, a professionally managed, fully occupied duplex portfolio built in 2021 offering 10 total units across five identical 2-bedroom, 1-bath duplexes, each with 720 heated square feet per unit and 1,440 total per structure. This income-producing property features consistent rental performance with a reported gross income of $83,803 and net income of $59,664, supported by a detailed rent roll with current monthly rents ranging from $695 to $755 across all units. Interior layouts include a practical living area leading into an efficient kitchen, two bedrooms, and one full bath per unit. Each duplex provides a uniform floor plan for streamlined management and leasing. Exterior grounds offer straightforward maintenance and on-site parking. Showings are available after an accepted offer. Priced at $775,000, this Monroe investment opportunity delivers modern construction, full occupancy, and strong income stability-schedule your inquiry today.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $745,000 | Property Subtype | Apartment |
| Price Per Unit | $74,500 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 8.01% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $745,000 |
| Price Per Unit | $74,500 |
| Sale Type | Investment |
| Cap Rate | 8.01% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $695.00 | 720 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 52848 | Total Assessment | $498 |
| Land Assessment | $498 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
52848
Land Assessment
$498
Improvements Assessment
$0
Total Assessment
$498
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1702 Grammont St
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