350 Emerald Forest, 1201 & 7102, Covington, LA 70433

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Robert S.

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Building Details:

350 Emerald Forest, 1201 & 7102 is amulti-family property for lease in Covington, LA.

Packaged corporate rentals available for sale. LIST PRICE INCLUDES LISTING ID # 29732607 (109 Catalpa, 111 Catalpa, 113 Catalpa and 640 Tete L'Ours, Unit 23).

Four condos available in Beau Chene and two in Emerald Forest. All of the Beau Chene condos are fully furnished, including artwork, along with Unit 7102 in Emerald Forest. Unit 1201 in Emerald Forest is unfurnished. The sales price includes FF&E. Acquiring these as a package would be a great niche corporate rental business in West St. Tammany.

The location of the Emerald Forest units make them incredibly attractive to Chevron employees, as they are able to walk to work.

Demand for corporate rentals in West St. Tammany is strong and growing due to its growth as an employment center as well as the need for short term rentals for the thriving film industry.

Due to the high level of service the corporate rental market requires, a small business entrepreneur may need real estate management and leasing service. The Stevens Realty Group, Inc. offer our service to help manage and lease the units if the purchaser would prefer that option.

Gross income for the furnished unit in 2014 was $14,100. NOI for the furnished units in 2014 was $50,954. This includes the association dues as an operating expense. More detailed income and expense information can be provided upon request.

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