1341 20 Arpent Road, New Iberia, LA 70560
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1341 20 Arpent Road,New Iberia, LA 70560
$3,890,000
- - Beds
- - Baths
- 61,060 sq. ft.
- Multi-family
- Active
Listed by: cameron griffin, mason mccullough
Office: bridgewater realty advisors, llc.
MLS#:NO2562417
Source:LA_RAAMLS
Price summary
- Price:$3,890,000
- Price per sq. ft.:$63.71
About this home
Monthly Rent: $66,005 Cherrybrook Apartments presents a compelling investment opportunity in one of Acadiana's stable and growing rental markets. This 74-unit garden-style community delivers a well-balanced mix of workforce housing in a market characterized by consistent tenant demand and durable occupancy. Its classic brick-and-siding construction and established garden-style layout provide low-maintenance appeal that continues to resonate with long-term residents. The property features a thoughtfully composed unit mix designed to attract a broad tenant base seeking affordability, functionality, and convenience. The community consists of four one-bedroom units, forty-six two-bedroom units, and twenty-four three-bedroom units, offering a versatile range of housing options that supports stable, diversified rental income across the asset. With no rent restrictions in place, Cherrybrook offers investors immediate operational flexibility and meaningful upside through strategic management and rental optimization. When light cosmetic renovations improve 1-bed rents to $850, 2-bed rents to $950, and 3-bed rents to $1,150, a pro forma net operating income of $426,131 can be realized over 12-24 months (with adjusted property taxes and management fees). The foregoing measurements, rental income, operating metrics, and pro forma projections are assumed to be reliable based on available information and standard industry assumptions, though investors are advised to conduct independent verification....
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Home facts
- Listing ID #:NO2562417
- Added:3 day(s) ago
- Updated:June 14, 2026 at 03:17 PM
Rooms and interior
- Living area:61,060 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Heat
- Central air:Yes
Structure and exterior
- Roof:Composition
- Building area:61,060 sq. ft.
- Lot area:6.51 Acres
- Construction Materials:Brick, Vinyl Siding
- Foundation Description:Slab
- Levels:1 Story
Finances and disclosures
- Price:$3,890,000
- Price per sq. ft.:$63.71
Parking
- Parking description:Parking Lot
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