The Teal Court Apartments offering present a rare opportunity to acquire a stabilized apartment property in the heart of Greenleaves Subdivision and Mandeville, LA, a market with a near moratorium on apartment development.  The property is fully occupied, with rents ranging from $800 to $1,000 per unit.  Most units have been updated and some rents have been in place for an extended period, with real potential for increases. Excellent apartment property in a quiet and secluded section of Greenleaves, with coveted multi-family zoning.  Flood insurance only $675 per building.   Teal Court is an insulated and secure location in a fully developed area of Mandeville.  Extra large two-bedroom / two bath units with flexible long-term development options.  Operating expense and insurance policy detail can be provided upon request.  Three property owners are licensed real estate brokers.  Offering memorandum and LACDB link listed below.

Teal Court Apartments l OM 1.20.2018

https://www.lacdb.com/listing/EnAXzjJRnx4/301-Teal-Ct-Mandeville-LA-70448