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    OFF-MARKET
    Small apartment buildings

    250 Santiny Ln, Grand Isle, LA 70358

    3.5 ac lot
    Property ID
    US36-1386860
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a unique chance to acquire a multifamily property in Grand Isle, Louisiana, located at 250 Santiny, zip code 70358, Jefferson Parish. The property, zoned R1 & R3, encompasses a substantial lot size ranging from 3.5 to 6 acres. Currently configured as an apartment building and classified as both multifamily and commercial, this property offers significant upside potential. A key feature is the right to infill to the jetties, allowing for the expansion of the acreage. This infill potential is supported by a successfully completed similar project in the area, demonstrating the feasibility of increasing the property's size. The asking price for this remarkable opportunity is $1,200,000. Note that an existing campsite is included in the sale but is not factored into the asking price. This presents a rare chance to capitalize on the unique coastal location and the potential for significant land expansion. The property's multifamily and commercial designation provides flexibility for various development strategies. Investors seeking a high-potential coastal Louisiana property should act quickly to explore this exceptional offering.

    Property profile
    Verified
    Property type Small apartment buildings
    Lot 3.5 ac (152,460 SF)
    UPID US36-1386860
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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