NOT LISTED FOR SALE

4005 E Old Spanish Trail New Iberia, LA 70560

3 Beds
2 Baths
1,410 Sq Ft
4.84 Acres

Last Sold December 29, 2017

187 Days on Market

Highlights

  • Property fronts a bayou
  • Porch
  • Tile Flooring
  • Balcony
  • Handicap Accessible
  • Central Air

About This Home

As of December 2017

Property Id: 913278

QUIET, FRIENDLY AND SAFE ATOMOSPHERE. YOUR HOME AWAY FROM HOME.
FURNISHED APARTMENT
*Long term 60 days or longer $1100 rent monthly/security deposit $1100, water and wifi included in rent.
*(2) Two Furnished upstairs apartments available.
*Daily rates $100 per day.
*We provide weekend rates of $125 per night.
*Weekly rates for 7 nights $650.00
*Full Kitchen with dining set, microwave, refrigerator, stove, coffee pot, dishware, silverware, etc. Livingroom has 32" smart tv, leather couch, end tables and coffee table.
*Master bedroom king-size bed, dresser and nightstand.
*Second bedroom has two (2) twin beds. Bathroom has bath towels, and shower curtain.
*Bathroom includes shower curtains, bath towels.
*Coin operated laundromat on premises.
*Five (5) minutes from downtown New Iberia (attractions and entertainment establishments and hospital. Ten (10) minutes from business district where restaurants, supermarkets etc. are located. Twenty (20) minutes from Cypress Bayou Casino.

Last Agent to Sell the Property

Carolyn Groner

Keller Williams Realty Acadiana License #0995682310 Listed on: 05/18/2017

Keller Williams Realty Acadiana

Last Buyer's Agent

Tribbey Thornton

Caffery Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4.84 Acre Lot
  • Property fronts a bayou
  • Level Lot

Parking

  • 91 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,410 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Electric Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Porch

Schools

  • Magnolia Elementary School
  • Iberia Middle School
  • New Iberia High School

Utilities

  • Central Air
  • Multiple Heating Units
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,135
  • Tenant pays for broadband/internet access, cable/sat TV, electricity
  • The owner pays for sewer, trash collection, water
  • Tax Lot 5

Community Details

Overview

  • 13 Buildings
  • 60 Units
  • C'est La Place Condos

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Insurance Expense $37,000
  • Maintenance Expense $90,000
  • Other Expense $93,000
  • Professional Management Expense $36,000
  • New Taxes Expense $14,000
  • Operating Expense $321,000
  • Gross Income $437,000
  • Net Operating Income $356,000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 4.84
  • Lot Size: irregular
  • CapRate: 0.203428
  • Professional Management Expense: 36000
  • Subdivision Name: None
  • Directions: St. Peter/Hwy 182 towards Jeanerette, pass Doug Ashy, apartment complex on left.
  • Building Name: C'est La Place
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • List_136: 91.7617
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 13
  • Appliances: Refrigerator, Electric Cooktop
  • Owner Pays: Sewer, Trash Collection, Water
  • Accessibility Features: Exterior Handicapped Access
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile, Carpet
  • Interior Amenities: High Speed Internet, Unit 1(Eat-in Kitchen,Master Bedroom), Unit 2(Eat-in Kitchen,Master Bedroom)
  • Living Area: 1410
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Level, Waterfront
  • Waterfront Features: Bayou/River
  • Waterfront: Yes
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Exterior Features: Balcony, Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Unit 1 Porch/Patio/Deck, Unit 2 Porch/Patio/Deck
  • Property Condition: 31 - 40 Years
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 91

Utilities

  • Laundry Features: Common Area
  • Security: Smoke Detector(s)
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Magnolia
  • High School: New Iberia
  • Middle Or Junior School: Iberia

Lot Info

  • Lot Size Sq Ft: 210830.4
  • Zoning: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity

Multi Family

  • Number Of Units Total: 60
  • Annual Gross Income: 437000
  • Insurance Expense: 37000
  • Maintenance Expense: 90000
  • Property Net Operating Income: 356000
  • Number Of Units Leased: 2
  • Annual Operating Expense: 321000
  • Total Actual Rent: 1135
  • Income And Expenses Vacancy Allowance: 37000

Tax Info

  • New Taxes Expense: 14000
  • Tax Lot: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 For Rent $1,200 0.0% --
12/29/2017 12/29/17 Sold -- -- --
11/22/2017 11/22/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $1,940,000 -- $1,376 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carolyn Groner

    Seller's Agent in 2017

    Carolyn Groner

    Keller Williams Realty Acadiana

    (337) 578-4345

    107 Total Sales

    Carolyn Groner
    Section Image

  • T

    Buyer's Agent in 2017

    Tribbey Thornton

    Caffery Real Estate, Inc.

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 17004925

REALTOR® Association of Acadiana

APN: 04 00035000

Louisiana Iberia Parish New Iberia 70560

4005 E Old Spanish Trail, New Iberia, LA

Not Listed for Sale

MultiFamily

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REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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