More about 705 & 709 Hwy 90 East , New Iberia, LA 70560
Complete Rental Investment package Deal for sale in New Iberia, LA. This property is a mix of Duplexes, Mobile Homes & Mobile Home Rental spaces (9 spaces). Seller is renting (2) Mobile home spaces, and there are (4) spaces open for rent. The three mobile homes which are owned are 100% occupied and the 2 Duplexes are 100% tenant occupied. This is an investor's dream currently Grossing $4,475.00 per month ($53,700 Annually), with the potential to gross $8250.00 per month and $99,000 Annually having 100% of the mobile homes spaces occupied & rented.Seller does not pay utilities, and Seller has kept his properties in tip top condition using Preventive Maintenance (PM) on All bldgs inside/out, by replacing each structure's composite shingle roof with a metal roof, and having replaced 4 of the 7 HVAC units within the past 4 years. Newly rented units are freshly painted during tenant turnover, and the seller has paid over $20,000 to the city of New Iberia for an improved waste water drainage system for the property. Any repair issues to that drainage system will be provided by the city of New Iberia at no cost to the property owner. PLEASE DO NOT DISTURB TENANTS. No showings will be allowed until a contract is negotiated. Showings will be arranged by Seller for Buyer within 48 hours from a purchase agreement being signed by all parties. Please inquire for additional details. Property did not flood during 2016 nor has it ever flooded since the property owner took possession over 11 years ago!!!