181 SANDRA DEL MAR DR #181 new Save Request In-Person Tour Request Virtual Tour
Mandeville,LA 70448
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $94
Subdivision Mariners Village
MLS Listing ID 2507447
Style Traditional
Bedrooms 2
Full Baths 1
Half Baths 1
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!
Location
State LA
County St Tammany
Community Common Grounds/Area
Interior
Heating Central
Cooling Central Air,1 Unit
Fireplaces Type Wood Burning
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
Roof Type Shingle
Building
Lot Description City Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
Pets Allowed Cats OK,Dogs OK,No Pet Restrictions
Virtual Tour https://youtu.be/l97qpVJU8Ck