Covington, LA 70435,77074 TANTELA RANCH RD
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Covington, LA 70435,77074 TANTELA RANCH RD
Covington, LA 70435,77074 TANTELA RANCH RD
Covington, LA 70435,77074 TANTELA RANCH RD
Covington, LA 70435,77074 TANTELA RANCH RD

$550,000

Est. payment /mo

$599,000

8.2%
Est.Price: ?

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77074 TANTELA RANCH RD Covington, LA 70435

SOLD DATE : 11/22/2024

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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Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by KELLER WILLIAMS REALTY 455-0100
Bought with Bourgeois Realty

Realtor Rob Kruebbe

Rêve | Realtor | License ID: 99568734

+1(504) 669-1470

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