Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Van Mark Apartments, a 144-unit community built in 1985 and located in Monroe, LA. Van Mark is 19 two-story buildings situated on 11.49 acres with spacious one (855 SF) and two-bedroom (1,100 SF) floorplans. Located near the primary north-south thoroughfare in Monroe, US Hwy 165, Van Mark enjoys high traffic exposure with a volume of 24,633 vehicles per day and proximity to an array of commercial and educational providers including the University of Louisiana-Monroe (6,500 students). The property offers an extensive array of both unit and common amenities. Unit interiors boast stainless steel appliances, luxury vinyl plank and new carpeted flooring, recently upgraded fixtures and new modern paint colors, balconies/patios, washer/dryer connections and fireplaces. Common area amenities include a swimming pool, clubhouse, fitness center, tennis court, racquetball court and grilling/picnic areas. Roofs were installed in 2020. The grounds and exteriors are exceptionally well-maintained. Van Mark enjoys strong historical occupancy and offers investors the opportunity to acquire a cash-flowing asset with further upside available by renovating approximately 25 classic interiors and 3 down units. The property's extensive amenities and strategic placement in Monroe's dynamic north submarket presents an attractive proposition for investors seeking stable income and long-term value growth.