218 St Peter St - Apartments CONDO FOR SALE


New Iberia, LA 70560
$700,000 USD
570-762-6075
218 St Peter St, New Iberia, LA for Sale
$700,000 USD
Apartments CONDO - FOR SALE
1/4
null | Request Cap Rate

218 St Peter St
New Iberia, LA 70560


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

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$77,778 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22-Unit Multi-Family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

10,544 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C2

APN/PARCEL ID

0504571000

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.