72194 FORMOSA DR Save Request In-Person Tour Request Virtual Tour
Covington,LA 70433
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,828 sqft
Price per Sqft $154
Subdivision Not A Subdivision
MLS Listing ID 2494170
Style Traditional
Bedrooms 12
Full Baths 8
Year Built 2020
Lot Size 0.853 Acres
Property Sub-Type Quadruplex
Property Description
Fantastic 4-plex (two duplexes) near the heart of Downtown Covington! Three units leased with long-term tenants, and fourth unit vacant and available to show. House hack and owner occupy with an FHA loan and as little as 3.5% down! Or purchase with traditional investment financing and lease out the vacant unit. One duplex (Units 72194/72198) was built in 2020 with one side currently rented and the other vacant for showing. The other duplex (Units 72204/72206) was built in 2023 and is fully leased. Both duplexes have the same floor plans and are 1207 sqft per unit with 3 bedrooms and 2 bathrooms. The duplexes have stained concrete floors for easy maintenance, and an open floor plan main living area, with large closets throughout. Flood Zone C (flood insurance not required)! The back porches on all units overlook the Tammany Trace and provide privacy from each other with partial fencing. Great location as it just 5 minutes to downtown Abita Springs or 5 minutes to downtown Covington. Each unit is furnished with electric stove, microwave, dishwasher, washer/dryer hookups, ceiling fans and blinds. Concrete parking pad for up to 8 vehicles. Private, corner lot with no through traffic. Tenants pay all utilities and maintain their respective lawns. A MUST SEE!!
Location
State LA
County St Tammany
Interior
Heating Central
Cooling Central Air
Laundry In Unit
Exterior
Exterior Feature Fence,Porch
Parking Features Off Street,Parking Lot,Three or more Spaces
Pool None
Roof Type Shingle
Building
Lot Description Corner Lot,Irregular Lot,Outside City Limits
Foundation Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None