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303 Woodale Dr 4 Unit Apartment Building $235,000 ($58,750/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,412
|
$9.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,188
|
$0.29
|
| Effective Gross Income |
$37,224
|
$8.99
|
| Taxes |
$1,560
|
$0.38
|
| Operating Expenses |
$13,632
|
$3.29
|
| Total Expenses |
$15,192
|
$3.67
|
| Net Operating Income |
$22,032
|
$5.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $38,412 |
| Annual Per SF | $9.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,188 |
| Annual Per SF | $0.29 |
| Effective Gross Income | |
|---|---|
| Annual | $37,224 |
| Annual Per SF | $8.99 |
| Taxes | |
|---|---|
| Annual | $1,560 |
| Annual Per SF | $0.38 |
| Operating Expenses | |
|---|---|
| Annual | $13,632 |
| Annual Per SF | $3.29 |
| Total Expenses | |
|---|---|
| Annual | $15,192 |
| Annual Per SF | $3.67 |
| Net Operating Income | |
|---|---|
| Annual | $22,032 |
| Annual Per SF | $5.32 |
Property Facts
| Price | $235,000 | Property Subtype | Apartment |
| Price Per Unit | $58,750 | 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 | $235,000 |
| Price Per Unit | $58,750 |
| 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 | $817.50 | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18709 | Total Assessment | $9,641 |
| Land Assessment | $950 | Annual Taxes | $1,560 ($0.38/SF) |
| Improvements Assessment | $8,691 | Tax Year | 2025 |
Property Taxes
Parcel Number
18709
Land Assessment
$950
Improvements Assessment
$8,691
Total Assessment
$9,641
Annual Taxes
$1,560 ($0.38/SF)
Tax Year
2025
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303 Woodale Dr
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