Apartment Complex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 29971677
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 44 Units
Building Size (RSF): 40,392 SF
Gross Building Area: See Agent
Gross Land Area: 3.42 Acres
Sale Price: $995,000
Unit Price: $22,613.64 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

44 unit apartment complex located in New iberia, LA. 100% occupied. All of the units are 2 bedroom 1.5 bathrooms (918 sq.ft.). There are 11 single story buildings with 4 units in each. Every unit has washer and dryer connections. The complex is market rate without any government rent assistance.All units are individually metered for electricity, water, and sewer.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $11,268 (Annual)
Potential Rental Income $250,500 (Annual)
Net Operating Income $125,172 (Annual)
Gross Operating Income $250,500 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Lafayette
County: Iberia
Zoning: R-6
Percent Occupied: 100%
Property Condition: Fair
Number of Stories: 1
Parking Type: Surface
Parking Description: Concrete parking spaces. There are 2 spaces per unit.
Total Parking Spaces: 96
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Interior Description: Easy to maintain interiors with vinyl tile floors throughout.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,879 35,073 47,749
Median Age: 33.49 35.3 35.64
Households: 3,301 13,167 17,672

Contact

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