Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Van Mark, a 144-unit multifamily property built in 1985 and located in Monroe, LA. The asset presents multiple avenues for improving net operating income through a 45% utility cost reduction plan and RUBS implementation to recapture 80% of water/sewer expenses. Additional upside includes cutting admin and maintenance costs, while its 60% two-bedroom mix averaging 1,005 square feet supports broad tenant appeal. Van Mark is strategically positioned near major demand drivers including the $10 billion Meta data center in Rayville, Lumen Technologies HQ, University of Louisiana Monroe, Monroe Regional Airport, and two major hospitals. Investors can also benefit from attractive new debt with interest-only terms.