1135 Florida St - Apartments FOR SALE


Mandeville, LA 70448
$550,000 USD
504-452-7631
1135 Florida St, Mandeville, LA for Sale
$550,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

1135 Florida St
Mandeville, LA 70448


OVERVIEW

ONE OWNER BRICK DOUBLE SITUATED ON APPROXIMATELY 3/4 OF AN ACRE. METAL ROOF IS 2 YEARS OLD, A/C'S ARE 2 AND 4 YEARS OLD. NEW CARPET IN ALL BEDROOMS AND FRESHLY PAINTED THROUGHOUT. PROPERTY HAS 120' OF FRONTAGE ON FLORIDA STREET IN MANDEVILLE AND LOCATED IN A PREFERRED FLOOD ZONE. THE LAND IS CLEARED AND READY FOR THE NEW OWNER'S VISION FOR CONTINUED DEVELOPMENT. HC-2 ZONING ALLOWS VARIOUS OPTIONS FOR THIS FANTASTIC LOCATION! TAMMANY TRACE RAILS TO TRAILS BIKE PATH, MANDEVILLE TRAILHEAD, DINING, SCHOOLS AND SHOPPING ALL LOCATED LESS THAN 2 MILES AWAY BRICK DOUBLE, HC-2 ZONING, ON NEARLY 3/4 OF AN ACRE. THE UNITS ARE NOW VACANT AFTER LONG TERM TENANTS. WELL MAINTAINED, ROOF IS 2 YEARS OLD, A/C'S ARE 2 AND 4 YEARS OLD, ONE HOT WATER HEATER WAS REPLACED IN 2024. VERY CLEAN WITH NEW CARPET UPSTAIRS, FRESHLY PAINTED, ALL APPLIANCES WORK, COSMETIC UPDATES MAY BE WANTED. HC-2 ZONING OFFERS MANY OPTIONS WITH AMPLE SPACE FOR EXPANSION. SHED IS EXCLUDED FROM SALE. PREVIOUS TENANTS WERE LONG TERM AT 8 & 5 YEARS, LAND BEHIND THE FENCE WAS LEASED SEPARATELY. Contact Cindy Hemm 985 626 2667

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

2

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frontage on Florida St Mandeville

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,385 SF

ZONING

HC-2

APN/PARCEL ID

39772

ASK ABOUT THIS PROPERTY

Tom Bookhardt IIUnited Real Estate PartnersMore Info
504-452-7631

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Tom Bookhardt IIUnited Real Estate PartnersMore Info
504-452-7631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.