Covington, LA 70433,72194 Formosa Drive
Covington, LA 70433,72194 Formosa Drive
Covington, LA 70433,72194 Formosa Drive
Covington, LA 70433,72194 Formosa Drive
Covington, LA 70433,72194 Formosa Drive
Covington, LA 70433,72194 Formosa Drive
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$ 748,000
Est. payment | /mo

12 Beds

8 Baths

4,828 SqFt


Save
$ 748,000
Est. payment | /mo
Save

12 Beds

8 Baths

4,828 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,828 sqft

Price per Sqft $154

MLS Listing ID NO2494170

Bedrooms 12

Full Baths 8

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

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Parking Lot

Roof Type Composition

Garage false

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 128960

Acceptable Financing Owner Will Carry

Listing Terms Owner Will Carry

REALTOR® Association of Acadiana VOW
Listed by 1 Percent Lists Gulf South

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72194 Formosa Drive