Active

1341 20 Arpent Road

New Iberia, LA 70560
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Bed 127

Bed

Bath 74

Bath

SqFt61,060

Sqft

Acres6.52

Acres(Lot)

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 st able, 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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Detail Ic Property Details

Property Type : Residential Income

Price : $3,890,000

AD Id : 82509047

MLS Id : 2562417

Beds : 127

Lot Size : 6.52 Acres

Living Area Size : 61,060

Year Built : 1999

County : Iberia

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Feature Features

  • Bedroom Information

    Total Bedrooms: 168

    Bathroom Information

    Full Baths: 74 Half Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Room Information

    Total Square Feet Living: 61060
  • Interior Features

    Roof: Shingle Exterior Property Features: Permeable Paving Cooling Features: Central Air Heating Features: Central Laundry Features: Common Area

  • Building Information

    Year Built: 1999 Roof: Shingle
  • Exterior Features

    Permeable Paving

  • Lot Information

    Lot Features: 6-10 Units/Acre,City Lot
  • Property Information

    SQ ft: 61,060 Source Listing Status: Active Property Subtype: Apartment Building Exterior Type: Brick,Vinyl Siding Foundation Details: Slab Property Age: 27 Property Condition: Average Condition Levels or Stories: One

  • Listing Price Information

    Original List Price: $3,890,000

  • Tax Information

    Parcel Number: 0501092495
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
115 Jefferson Street, New Iberia, LA, 70560 $369,900 4 3 4,876 4,876 SqFt
4513 Hazard Rd, New Iberia, LA, 70560 $121,900 3 2 1,830 1,830 SqFt
2602 Migues Road, New Iberia, LA, 70560 $399,900 3 3 2,380 2,380 SqFt

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ByOwner last updated this listing 06/16/2026 @ 14:43

MLS: 2562417 LISTED BY: Cameron Griffin, Bridgewater Realty Advisors, LLC 504-901-0463 SOURCE: NOMAR

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