For Sale
$675,000

3617 Cypress StWest Monroe, LA 71291

High-yield storage facility, 84 units.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 14,040 square foot warehouse complex situated on a 0.87-acre lot at 3617 Cypress Street, West Monroe, Louisiana, 71291. The property, built in 2000, consists of two single-story buildings and features 84 storage units, a mix of 10x10 and 10x20 sizes. Forty-two units are climate-controlled, offering diverse storage options. Currently operating at 56% occupancy, generating a monthly income of $4,340, the property boasts significant upside potential. At 80% occupancy, projected monthly income increases to $6,720. The property is zoned for commercial use and offers easy access from Cypress Street. The asking price is $675,000, translating to $48.08 per square foot. This multi-tenant property presents a compelling investment opportunity in a thriving West Monroe location. The property's strong potential for increased occupancy and rental income makes it an attractive addition to any investment portfolio.

Highlights

  • Currently generating $4,340/month in revenue with 56% occupancy.
  • Significant upside potential: 80% occupancy projects $6,720/month in revenue.

Property Details for 3617 Cypress St

Property type
Warehouses, Land
Square Feet
14,040 SF
Year Built
2000
Buildings
2
Stories
1
Lot Size (sq. ft)
37,897 SF
Units
84

Location Insight

City
West Monroe
County
Ouachita
State
Louisiana
Latitude
32.517250001129
Longitude
-92.164450410726
3617 Cypress St, West Monroe, Louisiana

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3617 Cypress St
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