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Cole Avenue
Monroe, LA 71203
Asking Price
$525K
Asset Type
Land
Class
Class B
What's Special
Prime development opportunity in the heart of Monroe. <p><span style="color: rgba(0, 0, 0, 1)">Prime development opportunity in the heart of Monroe. This approximately 0.79 acre tract consists of three contiguous lots totaling</span></p><p><span style="color: rgba(0, 0, 0, 1)">roughly 34,000+ square feet with frontage on Cole Avenue. Zoned and positioned for a variety of residential development possibilities,</span></p><p><span style="color: rgba(0, 0, 0, 1)">the property offers convenient access to Forsythe Avenue, Louisville Avenue, shopping, din
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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037
