USALARayvilleOther24 Steep Dr
Listing image | Image 1

24 Steep Dr, Rayville, LA

House

For Sale

Listed price in listed location currency (USD).
$6,825,000

000

MLS® 220724

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 40
Lot Size 
Approx. Age 
MLS® Number 220724

Property Address: 24 Steep Dr, Rayville, LA, 71269-7502

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

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 28, 2026List Date
$6,825,000List Price
  • Commute

Commute

Starting Address
Destination Address
24 Steep Dr, Rayville, LA

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