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
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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
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Tax ID/APN: |
bc89332f-f262-4052-a259-d7ee53523edf |
| Percent Occupied: |
100% |
| 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 |
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 |
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