1111 ORANGE ST
MONROE, LA 71202
$225,000
N/A Beds
1 Baths
2,815 Sq Ft
Status Active
MLS# 208535
***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.
Details for 1111 ORANGE ST
$80 / Sq Ft
Central Air
Natural Gas, Heat Pump
128 Days on website
Area Information for 1111 ORANGE ST
