Nestled within a serene, 5-acre wooded lot, this charming multi-family property offers a unique opportunity for investment or tranquil living. Surrounded by lush trees and natural beauty, the lot provides a peaceful retreat from the hustle and bustle of everyday life while still being conveniently located near local amenities. The property features two well-maintained rental homes, each boasting two cozy bedrooms and a full bathroom, making them ideal for small families, couples, or individuals seeking a comfortable living space. Each home is designed with an inviting layout that maximizes space and light, offering a warm atmosphere for residents. Together, these homes generate a combined rental income of $1,875 per month, making them a lucrative investment opportunity. The wooded backdrop not only enhances the aesthetic appeal of the property but also provides privacy and a sense of seclusion, allowing tenants to enjoy nature walks, outdoor activities, or simply relax in their own personal sanctuary. Each unit has their own well, septic and driveways. Whether you’re looking to add to your investment portfolio or seeking a peaceful living environment with the potential for rental income, this 5-acre wooded lot with two rental homes presents an exceptional beauty. Current zoning is NC-2 on road frontage and R-1 on back half.
Great investment property or live on one side and let the other side pay your note. Both sides are 3 bedroom, 2 full bath. Both have well laid out floor plans and a high ceiling in the main area. 163 was fully renovated in 2023. 165 was mostly renovated in 2023. This is located on a dead end street with single family homes and doubles in the area. Both sides have fenced yards and well built storage sheds. The roof is 2023. Both electrical panels were replaced in 2023. 165 has a new hvac condenser 2024 and new DW + Refrigerator 2024. Good school district and location with easy access to the interstate, Causeway Bridge, shopping, schools etc. Take a look as doubles in Mandeville are hard to come by! Mandeville location with a Covington zip code for lower insurance. Flood insurance not required in this flood zone.
Beautiful property with trees and 3 mobile homes. 2 mobile has 3 bedrooms other 1 has 2 bedrooms, all are leased . mobiles have new metal roofs, new porches, new laminated wood floors. all have appliances. { stove and refrigerator} Central electric ac. 2 have carports, 1 has driveway for 3 cars. rents are Total $3150 per month. Call for appointment, Tenant occupied, need 24 hr notice. school bus pickup is in front of property. Lot size is 2.66 acres, 239 x 383 x341 x438 Survey, Insurance , Septic certificates are attached in the attachments. Taxes approximately $1100 per year
The median home value in Covington, LA is $340,000. This is higher than the county median home value of $273,300. The national median home value is $338,100. The average price of homes sold in Covington, LA is $340,000. Approximately 62.7% of Covington homes are owned, compared to 28.19% rented, while 9.11% are vacant. Covington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Covington real estate agent to arrange a tour today!
Covington, Louisiana has a population of 11,155. Covington is less family-centric than the surrounding county with 30.38% of the households containing married families with children. The county average for households married with children is 31.4%.
The median household income in Covington, Louisiana is $70,511. The median household income for the surrounding county is $70,986 compared to the national median of $69,021. The median age of people living in Covington is 38.1 years.
The average high temperature in July is 91.1 degrees, with an average low temperature in January of 39.3 degrees. The average rainfall is approximately 62.8 inches per year, with 0.1 inches of snow per year.