24 Steep Drive
Rayville, LA 71269
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 c
Property Details
Map
Map
Features
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Roofing Information
Composition -
Interior Features
Ceiling Fan(s) Roof: Composition Appliances: Dishwasher, Refrigerator, Electric Range, Microwave, Washer, Dryer, Electric Water Heater Laundry Features: In Unit -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Construction Materials: Vinyl Siding, Brick Veneer Patio And Porch Features: Covered Private Pool: No -
Exterior Features
Exterior Features: Rain Gutters
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Property Information
Subdivision: OTHER Source Property Type: Residential Income Zoning Description: Parish Property SubType: Multi Family
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Listing Price Information
Listing Price: $6825000
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Tax Information
Parcel Number: See Associated Documents Tax Legal Desc: See Associated Documents
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Parking Information
Gravel
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Utility Information
Natural Gas Not Available -
Location Information
Direction: For Magnolia/Steep/Robinson Sites: Exit 132 at Start, and head South. Travel 1 mile from the I-20 on Hwy 133, turn Left on Steep Dr. For Acadian Site: Travel 1.3 miles from I-20 on Hwy 133; take a Right on Comeaux Road, then 1 mile to left on Acadian Dr. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 110 Bradley Street, Rayville, LA, 71269 | $8,000 | 6 | -- | -- | |
| 106 Bradley Street, Rayville, LA, 71269 | $8,000 | 6 | -- | -- |
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ByOwner last updated this listing 08/30/2026 @ 00:13
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