203 Firethorn Dr Youngsville, LA 70592
This exceptional investment opportunity presents three newly constructed, two-story townhouses totaling 4,077 square feet, situated on Firethorn Drive in Youngsville, Louisiana, zip code 70592. Each unit boasts two bedrooms and two and a half bathrooms. Built in 2024, these properties are located within a mixed-use zoned area, offering significant potential. Their proximity to the Youngsville Sports Complex (less than a mile away) provides access to a substantial market of traveling teams and other visitors, generating over 23,000 room requests. The absence of hotels in Youngsville further enhances the desirability of this location. The property is part of a larger development, "Reeds Townhomes at Metairie Centre," strategically positioned near the Veterans Roundabout and Rouses Market. Currently, three units are operational and experiencing strong booking and occupancy rates. This turnkey investment is ideal for those seeking immediate returns and long-term growth in a high-demand market. The property's location and the existing high occupancy rates make this a compelling investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.