24 Steep Dr Unit Magnolia Dr, Steep D Rayville, LA 71269
Rayville AreaEstimated payment $38,084/month
Highlights
- Covered Patio or Porch
- Central Air
- Heating Available
- Brick Veneer
- Ceiling Fan
About This Home
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.
Property Details
Home Type
- Multi-Family
Parking
- Gravel Driveway
Home Design
- Brick Veneer
- Slab Foundation
- Composition Roof
- Vinyl Siding
Interior Spaces
- Ceiling Fan
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
- Exterior Lighting
- Rain Gutters
Utilities
- Central Air
- Heating Available
- Separate Meters
- Electric Water Heater
- Septic Tank
- Private Sewer
- Internet Available
Community Details
- Gross Income $618,240
- Net Operating Income $508,708
Listing and Financial Details
- Assessor Parcel Number See Associated Documents
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,294 | $573,700 | $123,800 | $449,900 |
| 2024 | $16,744 | $551,400 | $123,800 | $427,600 |
| 2023 | $7,249 | $547,700 | $131,100 | $416,600 |
| 2022 | $6,980 | $514,600 | $131,100 | $383,500 |
| 2021 | $6,813 | $500,500 | $93,800 | $406,700 |
| 2020 | $6,564 | $481,200 | $93,800 | $387,400 |
| 2019 | $6,249 | $469,000 | $93,800 | $375,200 |
| 2018 | $7,160 | $457,600 | $93,800 | $363,800 |
| 2017 | $7,107 | $453,200 | $93,800 | $359,400 |
| 2016 | $6,879 | $458,700 | $93,800 | $364,900 |
| 2014 | $7,558 | $492,000 | $88,200 | $403,800 |
| 2013 | $7,341 | $488,600 | $88,200 | $400,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | For Sale | $6,825,000 | -- | -- |
Source: Northeast REALTORS® of Louisiana
MLS Number: 220724
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