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.