1110 Walton Street, New Iberia, LA 70560

New Iberia
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1110 Walton Street,New Iberia, LA 70560
$850,000
  • - Beds
  • - Baths
  • 145,000 sq. ft.
  • Multi-family
  • Active
Listed by: terrica l smith
Office: cachet real estate, llc.
MLS#:2600000164
Source:LA_RAAMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$5.86

About this home

28-Lot Mobile Home Park Investment Opportunity | New IberiaStrong value-add mobile home park opportunity in New Iberia featuring 28 lots, solid in-place cash flow, and an estimated cap rate of approximately 10%.This asset offers immediate income with additional upside through expansion. Included in the sale is an additional parcel with the potential to support approximately 10-20 additional mobile homes, subject to subdivision and development plans. A house is also included in the sale and is being assigned no value.With most homes being tenant-owned, the park benefits from a lower-maintenance operating model while still including some park-owned homes for added income potential. Current lot rent is $280 per lot, creating a stable base with room for future optimization depending on market conditions.Investment Highlights28-lot mobile home park in New IberiaApproximate 10% cap rateStrong existing cash flowAdditional parcel included with expansion potential for 10-20 more lotsLarge...

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Home facts

  • Listing ID #:2600000164
  • Added:49 day(s) ago
  • Updated:May 26, 2026 at 03:01 PM

Rooms and interior

  • Living area:145,000 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Building area:145,000 sq. ft.
  • Lot area:3.16 Acres
  • Lot Features:Additional Land Available
  • Construction Materials:Vinyl Siding
  • Foundation Description:Pillar/Post/Pier

Schools

  • High school:Westgate
  • Middle school:Anderson
  • Elementary school:Johnston-Hopkins

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$5.86

Parking

  • Total parking spaces:56

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