28 Old Mandeville Condominiums for Sale

Multi-Family for Sale
Catylist Listing ID: 30819970
Number of Units: 28 Units
Building Size (RSF): 28,000 SF
Sale Price: $3,795,000
Unit Price: $135,535.71 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2023

Overview / Comments

Lake Pointe Condominiums is a community one block from the Old Mandeville lakefront. It has a total of 38 units. This package includes 28 2/1.5 units. Many units have long time renters and any available units are usually rented the same day they are advertised. Each unit includes washer/dryer, fridge. Stainless appliances in kitchens, granite counters. Recent leases have been for $1400 - $1500/month. All monthly lease amounts were raised to a minimum of $1250/month Jan 1 2023

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: bc89332f-f262-4052-a259-d7ee53523edf
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Property Located Between: Madison and Adair
Property Condition: Good
Year Built: 2006
Parking Type: Surface
Parking Description: Dedicated off street parking outside the rental units.
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,584 30,462 49,353
Median Age: 40.98 39.4 40.35
Households: 1,435 11,242 18,259


Photograph of Listing Agent

Keith Rye

RE/MAX Alliance Mandeville, LA 70448
LACDB Member
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