Listing Agency: Coastal Realty Group R***@gmail.com Show Phone

Listed By: David Kedzierski Show Phone

Source: Exprealty

Added: Jan 23 Changed: Oct 4 Last Checked: Oct 15 at 1:11AM

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Investment Insights

Based on property information with market context.

This furnished townhouse is configured with three bedrooms and three bathrooms across 1,588 square feet. A screened ground-floor area provides additional entertaining space, while an interior cargo lift travels from the ground level to the third floor for moving furniture or other items. The property also includes a boathouse with a lift and an open marina slip.

Located within the gated Baywinds community, the property has access to a marina, fishing pier, and fish cleaning station. Commercial zoning supports use as a vacation rental. The sale includes the furnishings, boathouse, boat lift, and open slip, creating a combined lodging and boating setup.

Key Highlights

• Three‑bedroom, three‑bathroom townhouse spanning 1,588 square feet
• Commercial zoning supports vacation‑rental use
• Sale includes a boathouse, boat lift, and open slip in the marina

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,291

Cap Rate

2.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,820 $325.8K

Cap Rate 7%

$232,729 $232.7K

Cap Rate 9%

$181,011 $181.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,588 SF

Gross rent

$32.6K $20.52/SF

− Vacancy

−$3.0K −$1.87/SF

EGI

$29.6K $18.65/SF

− OpEx

−$13.3K −$8.39/SF

NOI

$16.3K $10.26/SF

Area

Jefferson County, LA

Vacancy

9.10%

Lease Rate

$20.52 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,820

Cap Rate 7%

$232,729

Cap Rate 9%

$181,011

Alternative Uses

Best Use

Apartment 5plus

$232.7K

$203.6K – $271.5K (±1% cap)

NOI $16,291 @ 7.0% cap · market cap 2.96%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$419.0K

$366.6K – $488.8K (±1% cap)

NOI $29,327 @ 7.0% cap · market cap 5.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Fish Market Food Market Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Explore this area Business Placement

Demographics for 70358, LA

1,005

Population

1,703

Households

0.6

Avg Household Size

51

Median Age

24%

College-Educated

87%

High-School Grad

6.5 sq mi

ZIP Area

155

Density / Sq Mi

$43,707

Median Earnings

$1,118

Median Rent

$266,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Vacant Lot For Sale

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Contact for pricing

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Frequently Asked Questions

What type of property is this?

Short term rental property - Three-bedroom townhouse with boating amenities, commercial zoning, and a screened entertaining area in a gated community.

Where is this short term rental property located?

The property is located at B-158 Boudreaux Ln Grand Isle, LA.

What is the asking price?

The asking price for this property is $549,500.

What are key features of this property?

This property features: Three‑bedroom, three‑bathroom townhouse spanning 1,588 square feet; Commercial zoning supports vacation‑rental use; Sale includes a boathouse, boat lift, and open slip in the marina