New Townhouses in
33260 La Hwy 16 #5B Denham Springs, LA 70706
For Sale
$189,900
Two-bedroom, two-bath townhouses with modern amenities and convenient location.
Property Size1,045 SF
Lot Size0.06 Acres
Price / SF$181.72
Days on Market691
Property Features for 33260 La Hwy 16 #5B
General Information
- Standard status
- Active
- Size
- 1,045 SF
- Lot size
- 0.06 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2024
Listing Agency:
Crossroads Realty, LLC
(225) 324-8419
Listed By:
Teri Pruett · License #995701084
(225) 324-8419
Source:
Exitrealty
Added: Sep 5, 2024
Changed: Jul 10
Last Checked: Jul 26 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crossroads Realty, LLC
Investment Insights
Based on property information with market context.
New townhouses are available in Watson, featuring two bedrooms and two bathrooms. The units include stainless steel appliances, custom cabinets, and granite countertops. Each townhouse has a cement porch and a patio with fencing for privacy. A one-car garage is included, along with a driveway that can accommodate two cars. These low-maintenance townhouses are conveniently located. The property size is 1045 square feet.
Key Highlights
- $5,000 buyer incentive offered by the seller.
- Brand new construction (built in 2024) in the heart of Watson.
- Two‑bedroom, two‑bathroom layout.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.3k | $17.52 |
| − Vacancy | −$912 | −$0.87 |
| EGI | $17.4k | $16.65 |
| − OpEx | −$7.8k | −$7.49 |
| NOI | $9.6k | $9.16 |
1,045 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$136.7K
$119.6K – $159.5K
NOI $9,568 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.3K
$219.0K – $292.0K
NOI $17,519 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bath townhouses with modern amenities and convenient location.
Where is this residential income property located?
The property is located at 33260 La Hwy 16 #5B Denham Springs, LA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: $5,000 buyer incentive offered by the seller.; Brand new construction (built in 2024) in the heart of Watson.; Two‑bedroom, two‑bathroom layout.
