6000 Desiard StMonroe, LA 71203

Exceptional value-add opportunity in Monroe, Louisiana, this self-storage portfolio comprises two facilities totaling 274 units and 28,625 net rentable square feet across 1.73 acres. Currently operating at 71% occupancy, this "mom & pop" operation presents significant upside potential through online presence development, management software implementation, enhanced marketing strategies, and rent optimization. The properties boast a strong NOI of $92,740, yielding an attractive 8.43% cap rate and a price per unit of $4,014.60, with an overall asking price of $1,100,000 ($38.43/sq ft). Both facilities are conveniently located within a 10-minute drive of each other, allowing for efficient management. Each location features gated access, security fencing, and LED lighting. Importantly, neither property is situated within a floodplain. The Desiard Street facility benefits from proximity to the proposed Kansas Lane extension, a project supported by a MonroeBUILD grant. The portfolio's location near the University of Louisiana at Monroe offers a stable and growing market. This is an ideal investment for those seeking to capitalize on operational improvements and market rent growth in a desirable location.