1341 20 ARPENT Road, New Iberia, LA 70560
Iberia County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Style
Traditional
Year Built
1999
Living Area
61,060 sq ft
Lot Size
6.51 acres
Lot Dimensions
297/35/298 X 732/336/917
Days on Market
1
MLS® Listing#
2562417
Property Features
Exterior
Cooling
Heating
Pool
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Parcel Number
0501092495
Affordability Calculator
$778,000
Estimated monthly payment
$20,704/mo
Principal $3,112,000 · Est. interest $4,341,517 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Iberia, LA
- $343,215
- Median Listing Price
- 94
- Median Days on Market
- 1,828
- Median Sq Ft
- $189
- Median Price / Sq Ft
- 2,566
- Active Listings
- This home’s price is 1033% above the area median.
- Its price per sq ft is 66% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Iberia, LA.
Location
Points of Interest in New Iberia, LA
Showing the New Iberia area map.
Nearby Schools
Magnolia Elementary School
Elementary · 0.4 mi away
Lee Street Elementary School
Elementary · 0.7 mi away
New Iberia Senior High School
Secondary · 0.8 mi away
Acadia Christian Academy
School · 0.8 mi away
Pesson Elementary
Elementary · 1.1 mi away
New Iberia Senior High School
Secondary · 1.2 mi away
Highland Baptist Christian School
Secondary · 1.3 mi away
Mt Calvary Baptist Church
School · 1.4 mi away
Dodson St Elementary School
Elementary · 1.4 mi away
North Lewis Elementary School
Elementary · 1.4 mi away
Magnolia Elementary
Elementary · 1.5 mi away
St Edward School
School · 1.6 mi away
Epiphany Day School
School · 1.7 mi away
Catholic High School
Secondary · 1.7 mi away
Center Street Elementary School
Elementary · 1.9 mi away
Johns Hopkins Elementary School
Elementary · 2.2 mi away
Iberia Middle School
Secondary · 2.3 mi away
Assembly Christian School
School · 2.3 mi away
Anderson Middle School
Secondary · 2.4 mi away
Acadiana Christian School
School · 2.4 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in New Iberia
Listing Courtesy: Bridgewater Realty Advisors, LLC - 5049010463