Remarks

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

Details

MLS#: 2463073
Price: $599,000


County: St. Tammany