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1341 Twenty Arpent Road
New Iberia, LA 70560
Asking Price
$3.89M
Cap Rate
10.95%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
$52,568/unit - Built in 1998 <ul><li>74-unit garden-style apartment community in New Iberia, LA</li><li>Classic brick-and-siding construction with established garden-style layout</li><li>Well-balanced unit mix: 4 one-bedroom, 46 two-bedroom, and 24 three-bedroom units</li><li>No rent restrictions - immediate operational flexibility</li><li>Value-add opportunity through strategic management and rental optimization</li><li>Pro forma NOI of $426,131 achievable over 12-24 months with light cosmetic renovations</li><li>St
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NOI
$80,000
Cap Rate
2.06%
DSCR
0.35
Underwater
Cash-on-Cash
-12.93%
Monthly Payment
$19,245.598
Annual Cash Flow
$-150,947.171