Four-Unit Coastal Income
164 Cypress Lane Grand Isle, LA 70358
164 Cypress Lane, Grand Isle, LA, 70358
$949,900
For Sale
$949,900
A four-plex on a 1-acre lot with three 2-bedroom units and one larger 3-bedroom unit, each with in-unit laundry.
Property Size5,643 SF
Lot Size1.00 Acre
Price / SF$168.33
Days on Market613
Property Features for 164 Cypress Lane
General Information
- Standard status
- Active
- Size
- 5,643 SF
- Lot size
- 1.00 Acre
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
Keller Williams Realty Premier Partners
(225) 289-5483
Listed by
Kim P Day · License #995711273
(225) 289-5483
Source
Compass
Added: Nov 15, 2024 Updated: Jul 21 at 3:08AM Checked: Jul 21 at 3:08AM
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 Keller Williams Realty Premier Partners
Investment Insights
Based on property information with market context.
This four-unit income property consists of three 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. Each unit includes a full kitchen and a washer and dryer, along with a dedicated dining space and a living area. An open area underneath the complex is provided for parking and other on-site activities.
The property is set on a 1-acre lot with a circle driveway for convenient access for tenants and guests. It is described as being located close to the amenities available in Grand Isle.
The configuration supports a mix of tenant layouts, with the 3-bedroom unit offering additional living area compared to the three 2-bedroom units.
The property is set on a 1-acre lot with a circle driveway for convenient access for tenants and guests. It is described as being located close to the amenities available in Grand Isle.
The configuration supports a mix of tenant layouts, with the 3-bedroom unit offering additional living area compared to the three 2-bedroom units.
Key Highlights
- 4‑plex on a 1‑acre lot in Grand Isle with three 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit
- Unit sizes include 1,292 SF for each 2‑bedroom unit and 1,767 SF for the 3‑bedroom unit (living space)
- Each unit has a full kitchen and in‑unit washer and dryer, plus a dedicated dining space and living area
Local Financial Insights For Multifamily LT 5
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 | $96.8k | $17.16 |
| − Vacancy | −$8.4k | −$1.48 |
| EGI | $88.5k | $15.68 |
| − OpEx | −$26.5k | −$4.70 |
| NOI | $61.9k | $10.97 |
5,643 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$884.7K
$774.1K – $1.03M
NOI $61,927 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$827.0K
$723.6K – $964.9K
NOI $57,891 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,215 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A four-plex on a 1-acre lot with three 2-bedroom units and one larger 3-bedroom unit, each with in-unit laundry.
Where is this quadplex located?
The property is located at 164 Cypress Lane Grand Isle, LA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 4‑plex on a 1‑acre lot in Grand Isle with three 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit; Unit sizes include 1,292 SF for each 2‑bedroom unit and 1,767 SF for the 3‑bedroom unit (living space); Each unit has a full kitchen and in‑unit washer and dryer, plus a dedicated dining space and living area
