Average square foot calculated using Size range provided by listing agent.
Description
CALLING ALL INVESTORS! This property offers a high cap rate and far exceeds the 1% rule. CASH ONLY. The condo is currently rented at $1, 200 per month, generating immediate cash flow, and tenants will remain with the sale. Located in Mandeville, this affordable 2-bedroom, 1.5-bath condo features a new roof installed after Hurricane Ida and an HVAC system replaced in 2020. Just 1 minute to the Causeway and 5 minutes to I-12, with access to Mandeville schools. Enjoy a wood-burning fireplace, bar-top seating in a cozy kitchen, a half bath on the main floor, and two bedrooms with a shared bathroom upstairs. The unit has all ceramic tile flooring throughout the first floor. Nearby amenities include Tammany Trace, Mandeville Trailhead, Sunset Point, and the lakefront—all a short bike ride away. The condo also offers a fenced-in patio and assigned parking. Condo fees cover water, garbage, exterior property insurance, common area maintenance, flood insurance, and termite coverage. Don’t miss this great investment opportunity! Free 1yr interest rate buydown and no lender refinance fees for qualified buyers when using Envoy Mortgage.Show Description
MLS® Number2507447
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Dryer Hookup
Exposure
ExteriorFence
GarageNo
Approx. Age2000
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatCentral
A/CCentral Air, One Unit
Heating Fuel
Extras
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