Seasons & Woodale

Summary:

The Multifamily Group is proud to present the exclusive offering of Seasons & Woodale, a prime investment opportunity in Monroe, Louisiana.​ Built in 1980, the property features 185 units with an average size of 977 square feet, offering a mix of one- and two-bedroom floorplans, with 70% (131 units) being two-bedrooms.​ Currently 98% occupied, the property benefits from a strong submarket occupancy rate of 94%.​ An assumable loan is available with a balance of approximately $6.5 million, a 3.55% interest rate, and approximately seven years remaining on the term.​

Location:

Monroe, Louisiana, is a thriving economic and cultural hub in Northeast Louisiana, offering a strong mix of business opportunities, education, and recreation.​ As home to the University of Louisiana Monroe (ULM), the city benefits from a steady influx of students, faculty, and professionals, ensuring a stable rental market.​ Monroe’s economy is supported by major employers in healthcare, manufacturing, and technology, with companies like CenturyLink (now Lumen with over 2,000 employees) having deep roots in the area.​ The city also boasts a low cost of living, a growing infrastructure, and convenient access to major highways, making it an attractive location for residents.​

Economic Developments:

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  Meta’s $10 Billion Data Center: Meta is constructing a 4 million-square-foot artificial intelligence data center in nearby Richland Parish, projected to create over 500 direct jobs and 5,000 construction jobs.​

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  Kansas Lane Extension Project: The completion of Phase One of the Kansas Lane Extension Project, a substantial infrastructure initiative, enhances commercial and commuter traffic, improving connectivity and supporting economic development in the region.​

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  Mid-South Extrusion Expansion: The Monroe-based manufacturer is investing $17 million to add two new production lines, expecting to create 21 direct new jobs and retain 189 existing positions, enhancing the local manufacturing sector.​

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  Downtown Economic Development District Revitalization: Monroe is advancing the first phase of its downtown revitalization, focusing on enhancing the area’s appeal to businesses and residents.​

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  Assumable Freddie Mac (SBL) Loan at 3.55% Interest Rate - ~Seven Years Left in the Term

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  98% Occupancy

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  70% are 2-BD Units - Up to 1,260 SF

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  13% Cash-On-Cash Averaged Over 5 Years

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  Washer and Dryer Connections in Every Unit

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  Meta’s $10B Data Center – Creating 5,000 Construction Jobs and 1,500 Direct/Indirect Jobs

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  More Than Half the Population of Monroe are Renters - U.S. Census Bureau