24 Steep Drive, Rayville, LA

Name: 24 Steep Drive, For Sale in Rayville - Zoocasa
Brand: John Rea Realty
SKU: 220724
Price: 6825000 USD

House

For Sale

Listed price in listed location currency (USD).

$6,825,000

000

MLS® 220724

Overview

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 6

Lot Size

Approx. Age

MLS® Number 220724

Property Address: 24 Steep Drive, Rayville, LA, 71269

Average square foot calculated using Size range provided by listing agent.

Description

Prime opportunity to acquire a 22-home, income-producing residential portfolio in Richland Parish; an area of regional growth and expanding demand for quality housing. Built between 2024 and 2026, the site-built 3-bedroom, 2-bath homes contain approximately 27, 405 total square feet and are concentrated in three nearby locations near I-20 and LA-133 - providing a more efficient ownership and management structure than a widely scattered rental package. The Seller-provided rent roll reflects 22 occupied homes generating $51, 520 in monthly rent, $618, 240 in annual gross rent and preliminary NOI of $508, 708, with all utilities paid by tenants. Offered at $6, 825, 000, the portfolio reflects a 7.45% asking cap rate based on current Seller-provided financials. The portfolio is already serving corporate and contractor-related occupancy connected to significant regional development activity. Its newer housing stock and concentrated footprint position it well to accommodate continued project-related housing demand while offering an investor immediate cash flow, streamlined operations and underlying home-by-home value. Supporting property, operating and lease documentation may be made available through the offering process. All financial information is Seller-provided, preliminary and subject to Buyer verification.

MLS® Number220724

Laundry LevelEnsuite

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age

Basement

DrivewayHard Surface Drive, Gravel

Garage Spaces

HeatElectric

A/CCentral Air, Electric

Extras

Map

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