Fully Occupied Apartment Complex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30802030
Property Subtypes: Duplex/Fourplex, Other
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 6,284 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $61,875 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2022

Overview / Comments

Investment Opportunity! 8-Unit Fully Occupied Apartment Complex situated corner lot near a high traffic intersection in New Iberia! Each unit contains 2 bedrooms, 1 bathroom, living room, and kitchen. All units have been updated with new floors, countertops, receptacle, light switches, light fixtures, and much more! Each unit has also had the popcorn ceilings removed, as well as wall imperfections. The second-floor concrete balcony was also re-built, and new Durock cement board was added around the side & rear windows. Over $150,000 of improvements have been made to the complex since 2011. Contact agent for full details!

Additional Details

Nearest MSA: Lafayette
County: Iberia
Taxing Authority: Iberia Parish
Tax ID/APN: 0503552490
Zoning: C1
Percent Occupied: 100%
Property Located Between: Center Street, New Iberia
Highway Access: Hwy 90, New Iberia Hwy 182, New Iberia
Airports: New Iberia Regional Airport | Lafayette Regional Airport
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 16
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Gas
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner
Legal Description: 1- 127 X 119/121 ITEM 2 PERSHING ST, VALENTI, CENTER ST, LEMAIRE IMP

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,220 38,616 48,297
Median Age: 36.16 36.04 35.65
Households: 6,067 14,594 17,829

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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