$99,500
SOLD FEB 27, 2025
Last list price

209 Mitchell Ln West Monroe, LA 71292

3 Beds
3 Baths
1,698 Sq Ft
1 Acres

Recently Sold

$59 Per Sq Ft

75 Days on Market

Highlights

  • 1 Acre Lot
  • Corner Lot
  • Bungalow
  • West Monroe High School Rated A
  • Covered Patio or Porch
  • 1-Story Property

About This Home

As of February 2025

This triplex, located in the heart of West Monroe, presents a strong investment opportunity with immediate cash flow potential. The property consists of three one-bedroom, one-bath units, each featuring a kitchen and washer/dryer hookups. Currently, one unit is leased at $675 per month, with two additional units generating $650 and $675 each. On-site parking and a yard provides added value for tenants. One unit has been updated with fresh paint throughout. With the opportunity to further increase rents as leases turn over, this triplex offers excellent upside potential. Its central location in West Monroe makes it an attractive option for tenants seeking convenience and accessibility. Ideal for investors looking to add a reliable, low-maintenance asset to their portfolio, this property is primed for long-term income generation.

Last Agent to Sell the Property

Harrison Lilly

Harrison Lilly License #0995692997 Listed on: 11/15/2024

Last Buyer's Agent

Chris Rux

Harrison Lilly License #0995697907

Home Details

Home Type

  • Single Family

Year Built

  • 1927

Lot Details

  • 1 Acre Lot
  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Bedrooms
  • 1-Story Property
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range

Schools

  • Riverbend O Elementary School
  • Riser O Middle School
  • West Monroe High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Mineral Rights

Listing and Financial Details

  • Assessor Parcel Number 38492

Home Details

Home Type

Single Family

Year Built

1927

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Site Build
  • Style: Bungalow
  • Age: 50+
  • Estimated Heated Sq Ft: 1576
  • Estimated Total Sq Ft: 1698
  • Electric Companies: Entergy
  • Gas Companies: Atmos
  • Parish: OUACHITA
  • Stories: One
  • Water Companies: City
  • Year Built: 1927
  • Directions: From I-20 take exit 116A toward Fifth St, in.5 miles turn left onto Mitchell Lane, in 800feet 208 Mitchell Lane is on your right
  • Elementary School: RIVERBEND O
  • Geo Longitude: -92.118939
  • High School: WEST MONROE HIGH SCHOOL
  • Middle School: RISER O
  • Mls Number: 212524
  • Subdivision: OTHER
  • System ID: 212524
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Electric Range/Oven
  • Windows: Single Pane
  • Number Of Bedrooms: 3
  • Master Bedroom: On Level: 1, Dimensions: 16'11"x11'9", wood
  • Bedroom 2: On Level: 1, Dimensions: 12'11"x13'1", wood
  • Bedroom 3: On Level: 1, Dimensions: 13'3"x13'1", wood
  • Full Bathrooms: 3
  • Other Room 1: Name: kitchen, On Level: 1, Dimensions: 9'5"x13'2", wood
  • Other Room 2: Name: kitchen, On Level: 1, Dimensions: 9'5"x13'2", wood
  • Kitchen: On Level: 1, Dimensions: 9'5"x13'2", wood

Exterior Features

  • Exterior: Frame, Vinyl Siding
  • Exterior Amenities: Gravel Drive, Paved Street
  • Foundation: Crawl Space
  • Porch Patio: Porch Covered
  • Roof: Architecture Style

Utilities

  • Cooling: Wall/Window Unit
  • Gas: Natural Gas
  • Heating: Natural Gas, Wall Heater
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Acreage: Less than 1 Acre
  • Geo Subdivision: LA
  • Lot Description: Corner Lot
  • Mineral Rights: Purchase to Acquire
  • Parcel Number: 38492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Feb 27, 2025
Sold by
2M Properties Of Ouachita Llc
Bought by
Trilogy Properties Inc
Seller's Agent
Harrison Lilly
Harrison Lilly
Buyer's Agent
Chris Rux
Harrison Lilly
List Price
$115,000
Views
788
Current Estimated Value
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
106.85%
Original Mortgage
$211,733
Outstanding Balance
$210,685
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
-$55,685
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $211,733 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2025 02/27/25 Sold -- -- --
02/27/2025 02/27/25 Sold -- -- -- View Prior Sale
12/12/2024 12/12/24 Price Changed $99,500 0.0% --
12/12/2024 12/12/24 Price Changed $99,500 -5.2% $59 / Sq Ft
11/26/2024 11/26/24 Price Changed $105,000 0.0% --
11/26/2024 11/26/24 Price Changed $105,000 -8.7% $62 / Sq Ft
11/15/2024 11/15/24 For Sale $115,000 0.0% $68 / Sq Ft
11/14/2024 11/14/24 For Sale $115,000 -- --
Source: Northeast REALTORS® of Louisiana

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $323 $1,950 $300 $1,650
2023 $169 $1,950 $300 $1,650
2022 $160 $1,950 $300 $1,650
2021 $160 $1,950 $300 $1,650
2020 $160 $1,950 $300 $1,650
2019 $156 $1,950 $300 $1,650
2018 $156 $1,950 $300 $1,650
2017 $156 $1,950 $300 $1,650
2016 $156 $1,950 $300 $1,650
2015 $156 $1,950 $300 $1,650
2014 $156 $1,950 $300 $1,650
2013 $155 $1,950 $300 $1,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast REALTORS® of Louisiana

MLS Number: 212524

Northeast REALTORS® of Louisiana

APN: 38492