705 & 709 Hwy 90 East , New Iberia, LA 70560 | New Iberia Home For Sale and Real Estate

Michael Chapple

Michael Chapple

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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!!!

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Property Details
Price
$525,000
Area No
I1
Sq.Ft
6190
County
Iberia
Property Type
Multifamily
Approx Age
21 - 30 Years
Interior Features
All Window Treatment, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Appliances
Range/Oven, Refrigerator
Heating
Central Heat
Cooling
Central Air
Stories
1 Story
Lot Description
Cul-De-Sac, Level
Parking
Assigned
Area
I1
Acres
2.280


Living Area includes any square footage under the air conditioning. In these calculations, it is the gross house area, inclusive of walls. The Total Area will include porches, garages, balconies, etc..

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Van Eaton & Romereo
Listing by: Michael Chapple - Van Eaton and Romero, LLC

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