🏦 Get Your Mortgage or Real Estate Services Seen on Every Listing

Thousands of buyers and investors explore commercial, residential, and business listings every day on LoopingCloud.
Promote your mortgage services or real estate business directly on each listing by state, boost your visibility and connect instantly with serious prospects ready to take the next step.

Offer Your Real Estate Services Today Get started Offer Your Mortgage Services Today Get started
Published on: Wednesday, July 23, 2025
Updated on: Wednesday, July 23, 2025
About the Lister
User Profile Image
Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
 View Profile  Share Listing

Send Message    Make Soft Offer
Provide Your Service
Financing  Business  Material

  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 Low/Mid Income /Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 10
Net Operating Income: $76,855.00
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
Lister's other Properties
Title: Gerber Collision & Glass
Address: 1210 Devereux Rd , Cardiff Colorado 81601
Listing ID: CL-Colorado-25960
Listing Type: Commercial
Category: Retail - Automotive
Status: Accepting Offers
Created On: 7/23/2025
Modified On: 7/23/2025
1210 Devereux Rd , Cardiff Colorado 81601
Title: Marietta, GA - Friendship Paint & Body Shop
Address: 985 & 1999 Airport Industrial Park Drive SE , Marietta Georgia 30060
Listing ID: CL-Georgia-25959
Listing Type: Commercial
Category: Retail - Free Standing
Status: Price not Disclosed
Created On: 7/23/2025
Modified On: 7/23/2025
985 & 1999 Airport Industrial Park Drive SE , Marietta Georgia 30060
Title: Marion, IN - 2509 W 2nd St
Address: 2509-2513 W 2nd St , Marion Indiana 46952
Listing ID: CL-Indiana-25957
Listing Type: Commercial
Category: Office - Office Condo
Status: Accepting Offers
Created On: 7/23/2025
Modified On: 7/23/2025
2509-2513 W 2nd St , Marion Indiana 46952
Title: Gas City, IN - Multi-Tenant Office
Address: 737-787 E. Main St , Gas City Indiana 46933
Listing ID: CL-Indiana-25956
Listing Type: Commercial
Category: Office - Office Condo
Status: Accepting Offers
Created On: 7/23/2025
Modified On: 7/23/2025
737-787 E. Main St , Gas City Indiana 46933
View All Listing
⚠ Disclaimer

LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings under financial services, business services, and material services are provided by the respective lister or service provider and are not independently verified by LoopingCloud. While believed to be accurate, the information is provided “as is” without any representations, warranties, or guarantees of any kind. LoopingCloud does not endorse, warrant, or verify the quality, accuracy, or reliability of any property details or services provided through the portal. Interested parties are encouraged to independently verify all information and consult with qualified professionals before making any decisions.