1341 20 ARPENT Road, New Iberia, LA 70560 (MLS# NO2562417)

Remarks & Misc

Remarks

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.

Office/Member/Contract Info

List AOR

NOMAR

Siding

Vinyl Siding

Yes

Parking

Parking Lot

Yes

Construction

Brick

Yes

Foundation

Slab

Yes

Roof

Composition

Yes

Heating

Central

Yes

Interior

Handicap Acc

Yes

Cooling

Central Air

Yes

Owner Pays

Water

Yes

Tenant Pays

Electric

Yes

Gas

Yes

Property Features