1110 America St, Mandeville, LA 70448

Property Description

Great Business Opportunity to own rental income properties plus 2 developable/buildable lots in the Mandeville School District. This property is being sold as a package. There are a total of (3) mobile homes each on 50 x 150 lots. All (3) mobile homes are 3 bedroom and 1 or 1.5 baths. All homes are occupied by long term tenants. The monthly income is $3000. The physical addresses of the mobile homes are 1102, 1106 and 1110 America Street. The units stay leased because they are located in the excellent Mandeville school district. The added value upside is there are (2) additional lots 6 & 7 that are each 51.56x266 . The 2 lots combined measure 103.12 x 266. Lots are directly behind the three mobile homes fronting Louvoi. Louvoi Street is a dirt road. These lots will provide added value and income when developed. Two of the units were built in 2000 the other unit was built in 1980. Located at the end of a quiet dead in street. Units include all appliances and interiors have been updated. Attached are a survey of the lots included they are lots 6 and 7 of Louvoi Street and lots 8, 9 & 10 on America Street. If you are looking for an investment property with upside you should check this one out. Annual income is $36,000.