1110 Walton Street, New Iberia, LA 70560
$775,000
Property Type:
MultiFamily
Square Footage:
145,000
Status:
Active
Current Price:
$775,000
List Date:
1/22/2026
Last Modified:
5/27/2026
Listing Details MLS# 2600000164
Listing Info
- Delayed Marketing
- No
- Listing Price
- 775000
- List Price/SqFt
- 5.34
- Seller Willing to Sell Separately?
- Yes
- Type
- Mobile Home Park
- Document Modified
- 2026-01-22 05:56:27.944755
- Modification Timestamp
- 2026-05-27T14:29:58Z
- Photo Modified
- 2026-05-21T13:20:25Z
Location Tax Legal Info
- Street Number
- 1110
- Street Name
- Walton
- St Suffix
- Street
- Parish
- Iberia
- State
- LA
- Zip Code
- 70560
- Subdivision
- None
- Area
- I2
- Tax Assessment Number
- 0503865490aa
- Elementary School
- Johnston-Hopkins
- Middle School
- Anderson
- High School
- Westgate
- Directions
- Directions: From 90 take exit 126 Take left on Jefferson island rd 2.9 take right St. Mary .4 miles take left on Walton
General Property Description
- Approximate Age
- 41 - 50 Years
- Property Condition
- Resale
- Condition
- Fair
- Number of Units
- 28
- SqFt - Total
- 145000
- SqFt - Source
- Approximate
- Total Parking Spaces
- 56
- Individual Metered?
- Yes
- Lot Dimensions
- 460/485 X 299/289
- Mineral Rights
- Negotiable
- # Heat Units
- 0
- # AC Units
- 0
Water Source
- Water Company
- LAWCO
- Public
- Yes
Originating Details
- Originating System ID
- M00000300
- Originating System Key
- 20260122013941640151
- Originating System Listing ID
- 2600000164
- Originating System Name
- RAA Flex
Location, Tax & Legal Info
- Flood Zone
- X
- School District
- Iberia Parish
- Legal Desc
- Commercial property is included with the sale. Check documents for other info. Listing Broker does not hold escrow checks. Legal Description: 1- 460/485 X 299/289 (3.15 AC) ITEM 8 DELCAMBRE EST, HUVAL & BROWN, WALTON ST, S.P.R.R IMP (1104 WALTON ST) ITEM
More Information
Remarks & Misc
- Remarks
- 28-Lot Mobile Home Park Investment Opportunity | New Iberia Strong 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 Highlights 28-lot mobile home park in New Iberia Approximate 10% cap rate Strong existing cash flow Additional parcel included with expansion potential for 10-20 more lots Large vacant area for future development Most homes are tenant-owned Additional income from park-owned homes Lot rent currently $280 per lot Existing management company willing to remain in place Seller is a licensed real estate agent This is an attractive opportunity for an investor seeking immediate yield, operational stability, and long-term upside through infill and expansion.
Office/Member/Contract Info
- REO
- No
- List AOR
- RAA
Siding
- Vinyl Siding
- Yes
Construction
- Modular
- Yes
Foundation
- Piers
- Yes
Heating
- Wall Units
- Yes
Cooling
- Window Units
- Yes
Sewer
- Public Sewer
- Yes
Appliances
- Electric Range
- Yes
Fencing
- Partial
- Yes
Lot
- Additional Land Avai
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
- Lease Purchase
- Yes
- Owner Finance
- Yes
- Private Banking
- Yes
Tenant Pays
- Electric
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Property Features
Siding:
Vinyl Siding
Construction:
Modular
Foundation:
Piers
Heating:
Wall Units
Cooling:
Window Units
Appliances:
Electric Range; Electric Range
Lot:
Additional Land Avai
Fencing:
Partial
Tenant Pays:
Electric; Sewer; Trash; Water
Sewer:
Public Sewer
Water Source:
Public
Financing:
Cash; Conventional; Lease Purchase; Owner Finance; Private Banking
Documents
Flood Determination ›
IDX
Listing Office:
Cachet Real Estate, LLC
Last Updated: May - 27 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.