$550,000
$599,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
77074 TANTELA RANCH RD Covington, LA 70435
Key Details
Sold Price $550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Not A Subdivision
MLS Listing ID 2463073
Sold Date 11/22/24
HOA Y/N No
Year Built 1978
Property Description
Value add opportunity located in Covington on over 8 acres. 8-plex stays rented and all are currently rented for a total of $7,800/mo (straight rent no government assistance on any of the units) with current management in place. There are 7-3/2s and one unit is a 2/2 - each unit about 1200sqft. Each building has a metal roof, the left unit has covered parking. Tenants pay electricity with their own separate electric meter, there are 8 wells and 2 septic systems, all of the units have their own HVAC. All interior units have new flooring (most have ceramic tile throughout), and updated interiors. Most of the central AC units are new within the last few years. Priced based on condition and seller is not willing to do any repairs. There is no for sale sign on the property
Location
State LA
County St Tammany
Zoning RES
Interior
Fireplace No
Exterior
Garage Carport, Driveway
Water Access Desc Well
Building
Lot Description 6-10 Units/Acre, Outside City Limits
Entry Level One
Sewer Septic Tank
Water Well
Level or Stories One
Others
Special Listing Condition None
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Bought with Bourgeois Realty