181 Sandra Del Mar Drive #181 Active Save Request In-Person Tour Request Virtual Tour
Mandeville,LA 70448
Key Details
Property Type Commercial, Condo
Sub Type Single Family Residence,Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $77
Subdivision Mariners Village
MLS Listing ID NO2507447
Style Traditional
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Fees $300/mo
Year Built 2000
Property Sub-Type Single Family Residence,Condominium
Property 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.
Location
State LA
Interior
Interior Features Bedroom 1,Bedroom 2,Dining Room,Kitchen,Living Room
Heating Central
Cooling Central Air
Fireplaces Type Wood Burning
Fireplace true
Appliance Dishwasher,Dryer,Microwave,Refrigerator,Washer
Laundry Laundry Room
Exterior
Parking Features Assigned
Roof Type Composition
Garage false
Building
Foundation Slab
Level or Stories 2
Others
Tax ID 56867
Virtual Tour https://youtu.be/l97qpVJU8Ck