20-Unit Weekly Extended Stay Complex

Multi-Family for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30853201
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 20 Units
Building Size (RSF): 9,839 SF
Gross Building Area: See Agent
Sale Price: $999,999
Unit Price: $49,999.95 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2024

Overview / Comments

Looking for a rare investment opportunity? This Weekly Extended Stay complex is situated in New Iberia’s Downtown Historic District. This 100+ year old property once known as the Royal Motel location now consists of 20-Furnished units compiled into 2 buildings making a wonderful addition to your portfolio. An on-site office as well as an on-site community laundry area is included on the property. With a traffic count of over 21,000 vehicles per day, W. St. Peter Street offers easy ingress and egress for visitors and customers. Full Offering Package available upon signing of confidentiality agreement. Don’t let this one pass you by!

Additional Details

Nearest MSA: Lafayette
County: Iberia
Taxing Authority: Iberia Parish
Tax ID/APN: 0504571000
Zoning: C2
Property Located Between: W St Peter & W Main Street
Highway Access: Hwy 90, New Iberia
Airports: New Iberia Regional Airport
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Construction/Siding: Block, Brick, Brick/Vinyl Siding
Parking Type: Surface
Laundry: Shared
Sprinklers: None
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Fully Furnished Units
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner
Legal Description: 1- 96 X 226 TRACT 1, W. ST. PETER ST., HOTEL FREDERIC INC., FLEMING E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,982 37,807 49,304
Median Age: 36.54 36.09 35.73
Households: 5,077 14,296 18,205

Contact

Photograph of Listing Agent

Luke Scott

McGeeScott Realty New Iberia, LA 70560
LACDB Member
Photograph of Listing Agent

Rebekah McGee

McGeeScott Realty New Iberia, LA 70560
LACDB Member
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