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2300 Garrett Rd

Monroe, LA 71202

$1,099,000

Multifamily For Sale  •  5,000 Sq Ft

Property Details

  • Property Type Multifamily
  • Total Building Size 5,000 Sq Ft
  • Year Built 1990
  • Cap Rate 14.23 %
0 Transit Score
8 Walk Score

Description

Pecanland Mobile Home & R.V. Park is situated in Monroe, LA - positioned only 1 mile from the robust Pecanland Mall & minutes from the increasingly growing district of Downtown Monroe. The park, entailing 117 shaded mobile home lots and 33 R.V. sites on an approximate 18-acre plat, concrete roads, off street parking and under ground utilities offers a unique opportunity for savvy investors. This beautiful property is listed at a 9.2% Cap. 

Downtown Monroe is a large growing district anchored by the beautiful Ouachita River. Conveniently located just off Interstate 20 - it is the central business district of Monroe. Home to the offices of the City, Parish, State and Federal governments, St. Francis Medical Center, and the Monroe Civic Center just to name a few. It is as rich in history as it is in hospitality. Downtown Monroe is also the home to a variety of award-winning restaurants, a collection of museums, and a variety of art.

New energy is spurring new developments throughout Downtown Monroe. There are many new businesses entering downtown including restaurants and residential buildings. This energy is spearheaded by the Downtown Economic Development District in partnership with several public and private organizations.

Highlights

Established
Excellent Location
Upside Potential

Property Flyers

Financial Summary

Cap Rate: 14.23 %

Public Transportation

AirportDriveWalkDistance
Monroe Regional Airport 7 min - 2.9 mi
Matthew Galofaro 985-969-8473 Latter & Blum Classic Homes and Properties, Inc.
Matthew Galofaro 985-969-8473 Latter & Blum Classic Homes and Properties, Inc.