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Key Details
Sold Price $85,400
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $74
Subdivision Mariners Village
MLS Listing ID 2507447
Sold Date 10/17/25
Style Traditional
Bedrooms 2
Full Baths 1
Half Baths 1
Construction Status Very Good Condition
HOA Y/N No
Year Built 2000
Property Sub-Type 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
Province LA
County St Tammany
Community Common Grounds/Area
Interior
Interior Features Ceiling Fan(s), Stainless Steel Appliances, Cable TV
Heating Central
Cooling Central Air, 1 Unit
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Fence
Parking Features Assigned, Parking Available, Parking Lot, One Space
Pool None
Community Features Common Grounds/Area
Water Access Desc Public
Roof Type Shingle
Porch Concrete
Building
Lot Description City Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Very Good Condition
Others
HOA Fee Include Common Areas,Water
Tax ID 56867
Security Features None,Smoke Detector(s)
Financing Cash
Special Listing Condition None
Pets Allowed Cats OK, Dogs OK, No Pet Restrictions
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Bought with Engel & Volkers Slidell - Mandeville