1111 ORANGE STREET, Monroe LA 71201
Overview
Description
***Please do your own calculations*** NNN Investment opportunity! 15 year lease signed by a laundromat operator. Sit back and collect cash that beats rental property CF by miles!!! Fresh Lease as of DEC 2023 / Per Lease and Discussion tenant will be moving laundromat equipment, replacing floors and windows. They will be adding cameras, lights and security features. NNN Purchaser is responsible for the structure and parking lot. Tenant is carrying insurance, water, power, gas in their LLC name. Taxes have a pro rated split with the tenant. This is offered at a 12 cap rate and there are 3 pages of calculation to provide reason for the asking price and to tell with your personal calculations and financing. Reach out for more details, lease income is included in the image / full lease will be provided to serious buyers and lenders. No equipment remains / new equipment is to follow by the tenant. Roof / interior / exterior is redone or in the process of.
Additional Details
- InternetAddressDisplayYN: 1
- TaxLegalDescription: LOT IN SQ 8-A OUACHITA COTTON MILLS 2ND ADDN BEG AT SE COR SQ 8-A, W ON NO LINE ORANGE ST 118 FT, DEPTH NO 121 FT ON W LINE 8TH ST
- ListAgentMlsId: 02124
- WaterSource: Public
- Flooring: Concrete,Tile
- PhotosCount: 7
- ModificationTimestamp: 2024-08-20T15:31:56.000Z
- Cooling: Central Air
- ListOfficeMlsId: THLT Realty
- StreetNumberNumeric: 1111
- CoListOfficeName: THLT Realty
- ListingContractDate: 2024-01-22
- ParkingFeatures: Asphalt,Other
- Sewer: Public Sewer
- Heating: Natural Gas,Heat Pump
- MLSAreaMajor: 121 South Monroe/I-20 To Buckhor
- ListOfficeName: THLT Realty
- CoListAgentMlsId: 442502958
- StreetName: ORANGE STREET
- OriginatingSystemKey: nelar
- PhotosChangeTimestamp: 2024-01-22T18:00:15.374Z
- OriginatingSystemName: NELAR API
- Utilities: Natural Gas Available,Electricity Available,Cable Connected,Electricity Connected,Natural Gas Connected,See Remarks
- MlsStatus: ACTIVE
- StreetNumber: 1111
- ListingId: 208535
- ListingKey: 636098145da1638e7dc2bd4119da1832
- NELAR_L_StatusID: 0
- NELAR_L_SaleRent: For Sale
- StateOrProvince: LA
- InternetEntireListingDisplayYN: 1
- CoListAgentLastName: Ponarski
- InternetAutomatedValuationDisplayYN: 1
- Gas: Available,On Site
- BuildingFeatures: Change Room,Supply Room,Equipment Room,Laundry Facility
- ListAgentFirstName: Harrison
- BridgeModificationTimestamp: 2024-08-20T15:32:54.783Z
- ConstructionMaterials: Frame,Vinyl,Wood Frame
- Roof: Flat
- NumberOfUnitsTotal: 1
- ParcelNumber: 56115
- TenantPays: Common Area Maintenance,Electricity,Gas,Water
- Electric: On Site
- CoListAgentFirstName: Alex
- InternetConsumerCommentYN: 1
- BuildingAreaTotal: 2815
- IDXParticipationYN: 1
- ListAgentLastName: Lilly
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