Published on: Wednesday, July 23, 2025
Updated on: Wednesday, July 23, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
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  New Iberia, LA - 22-Unit Multi-Family
218 W St Peter St New Iberia Louisiana , 70560
218 W St Peter St New Iberia Louisiana , 70560  SRS Real State Partners
Listing ID: CL-Louisiana-25958

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 10
Net Operating Income: $76,855.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Louisiana-25958
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1950
Building Size: 10,544.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 20
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Unique value-add opportunity with a mix of fully furnished units through rental adjustments by bringing the tenants up to market rates
Complete Details
Year Build: 1950
Building Size: 10,544 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 20
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Description

  • Unique value-add opportunity with a mix of fully furnished units through rental adjustments by bringing the tenants up to market rates
  • Significant recent capital expenditures, including a $50,000 generator was recently installed, adding to the property’s operational resilience
  • Community laundry and tenant-ready features such as ceiling fans and cable-ready access
  • Unit interiors vary, providing potential for cosmetic upgrades and rental upside

Location

  • Positioned along LA-182 just past Jefferson Street, in a high-traffic corridor
  • The asset benefits from nearby access to Highway 674 (13,700 VPD), Highway 90 (34,300 VPD), and Highway 14 (17,100 VPD), making this an ideal, centralized location with easy commutes
  • Zoned C-2, providing flexibility for continued multifamily use or future redevelopment
  • Located in Iberia Parish within the I-2 submarket, with established multifamily demand
Additional Properties
Property Highlights
  • 22-Units | Recent Capital Expenditures | Well Below Market Rent
  • Located in New Iberia, LA | Zoned C-2 | Centralized Location
  • Landlord Paid Utilities | Full Service Utility Structure
  • Asset with Solid Construction | Long Term Hold Potential
Features
  • Zoning: C2
  • Lot Size: (acres) 0.49
  • APN: 05 04571000
  • Ownership: Fee Simple (Land & Building)
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$76,855.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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