Details
Rare opportunity to live, work and play in the Old Mandeville Business District (B3). “Pollyannaâ€, built in 1875, is a 3037 sq.ft. house situated 1 block from the Mandeville Lakefront. Previously a Bed and Breakfast and now used as an office, this property has great residential and commercial potential. With 6 bedrooms, 4.5 baths and a large great room, the layout is very versatile. Priced below market value, this property will go quickly. Great potential for Historic Tax Credits, Historic Property Tax Abatement and Section 179 Bonus Depreciation for renovations. Historic Tax Credits: Tax Incentives | Division of Historic Preservation (state.la.us) Historic Property Tax Abatement: Tax Abatements | Division of Historic Preservation (state.la.us) Section 179 Bonus Depreciation: Publication 946 (2022), How To Depreciate Property | Internal Revenue Service (irs.gov)