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Michael Carr

michaelcarrsells@gmail.com +1(337) 322-9160

$ 4,200,000

Est. payment | -/mo

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$ 4,200,000

Est. payment | -/mo

Save

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Modera Place

MLS Listing ID 2600001287

Property Description

July Cash Flow Update: Over $33,000 in Gross Income! This offering includes 10 newly constructed, fully furnished 3-bedroom, 2.5-bath townhomes PLUS 9 additional lots directly across the street, giving an investor the opportunity to nearly double the size of the development. The property has been intentionally positioned to generate revenue through multiple rental channels rather than relying on one tenant source. We have established relationships with Independent Living operators, insurance-placement companies housing displaced families, traveling nurses and medical professionals, corporate housing clients, and short-term rental platforms including Airbnb/VRBO and Furnish Finder. This diversified strategy creates multiple avenues for occupancy and long-term revenue growth. Each townhome offers approximately 1,760 SF with a private garage and fenced backyard and is Energy Star rated, helping reduce utility costs--an especially valuable feature for furnished, corporate and mid-term rentals where utilities may be included. Strategically positioned between Youngsville and Broussard, two of Louisiana's fastest-growing communities, the development sits near the Hwy 90 corridor and is positioned to benefit from continued residential and commercial expansion. The arrival and continued investment of SpaceX in South Louisiana adds another major economic driver to an already rapidly growing area, with the potential to increase demand for corporate and workforce housing throughout the region. Commercial development continues to expand around the property, with businesses such as Fat Pat's, King Seafood, Oshcners emergency care, and Tractor Supply nearby, along with additional commercial land available for future development all around this development. With 10 existing income-producing units, multiple established rental-demand channels, 9 additional lots for expansion, energy-efficient construction, and a strategic location surrounded by residential and commercial growth.

Location

State LA

Zoning Mixed

Interior

Interior Features High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central, Electric, Heat Unit(s)

Cooling Ceiling Fan(s), Central Air, AC Unit(s)

Flooring Other, Vinyl Plank

Appliance Built-In Electric Oven, Dishwasher, Microwave, Electric Cooktop

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Attached, Carport, Garage, On Street

Garage Spaces 20.0

Roof Type Composition

Total Parking Spaces 20

Garage true

Building

Foundation Slab

Sewer Public Sewer

Level or Stories 2

Schools

Elementary Schools Martial Billeaud

Middle Schools Youngsville

High Schools Southside

Others

Tax ID 6179355

Acceptable Financing 1031 Exchange, Cash, Conventional, Private Financing Available, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, Private Financing Available, VA Loan

Listed by EXP Realty, LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(337) 322-9160

michaelcarrsells@gmail.com

300 Rue Beauregard Unit I, Lafayette, Louisiana, USA

425 Heart D Farm RD #1-10 Youngsville, LA 70592

Michael Carr

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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425 Heart D Farm RD #1-10