New Iberia, LA - 22-Unit Multi-Family

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

• 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