Technical
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Property profile

0 La-1077 Covington, LA 70433

OFF-MARKET
Land
99 ac lot
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Property summary

AI-generated overview

This exceptional 99-acre property, located in the desirable Covington/Folsom area of St. Tammany Parish, Louisiana, presents a unique investment opportunity. Situated on LA-1077, the land boasts an A-1 Suburban zoning classification with a rural overlay, offering flexibility for various development projects. The asking price is $20,000 per acre, totaling $1,980,000. The expansive lot size is ideal for a variety of uses, including residential development (single-family homes) or the establishment of a horse farm. The property's address is LA-1077, Covington, LA 70433, with GPS coordinates of 30.4565668 latitude and -90.1771221 longitude. The APN is 405c2399-306f-4d07-8e4e-a6616a02807b. This is a rare opportunity to acquire a significant land parcel in a highly sought-after Louisiana location. The sale is offered as-is, with cash to seller terms. Serious inquiries only. Don't miss this chance to own a piece of Louisiana's beautiful countryside. The property is currently listed for sale by owner.

Property profile

Verified
Property type Land
Lot 99 ac (4,312,440 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

La-1077 Covington, LA 70433
Covington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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