NOT LISTED FOR SALE

725 W Main St New Iberia, LA 70560

Estimated Value: $92,000 - $154,000

2 Beds
1 Bath
1,407 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 18, 2022

Current estimated payment $770/month

Highlights

  • Corner Lot
  • Tile Flooring
  • Multiple Heating Units
  • Porch
  • Central Air
  • 1-Story Property

About This Home

As of October 2022

Here is a great investment property which includes 7 mobile home lots that lease for $210 per month each, as well as 1 home that rents for $750 per month. Call a REALTOR(r) for more information.

Last Agent to Sell the Property

Michelle D Mouton

Real Broker, LLC License #0912123970 Listed on: 10/10/2022

Real Broker, LLC

Last Buyer's Agent

Ali LaGarde

Dwight W. Andrus Real Est, LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.01 Acre Lot
  • Chain Link Fence
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,407 Sq Ft Home
  • 1-Story Property
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 24 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for broadband/internet access, cable/sat TV, electricity, gas, sewer, trash collection, water
  • Tax Lot 14

Community Details

Overview

  • 8 Units

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,500
  • Other Expense $3,000
  • New Taxes Expense $1,095
  • Operating Expense $5,595
  • Gross Income $26,640
  • Net Operating Income $21,045

Property Details

Home Type

Multi-Family

Lot Details

1.01 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0101
  • Lot Size: 110/54/46 x 400/200/95/102
  • CapRate: 0.084518
  • Subdivision Name: None
  • Directions: Hwy 182 into New Iberia, trailer park begins at corner of Chestnut St on left all the way to Main St with home being at Main St corner.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Unit 1(Other)
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • List_136: 91.82533
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Range
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Living Area: 1407
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Corner Lot, Level
  • Construction Type: Frame, Brick Veneer
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Property Condition: 51 - 75 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 24

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Natural Natural Gas, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Lot Size Sq Ft: 44000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 26640
  • Insurance Expense: 1500
  • Property Net Operating Income: 21045
  • Number Of Units Leased: 1
  • Annual Operating Expense: 5595

Tax Info

  • New Taxes Expense: 1095
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Oct 18, 2022
Sold by
Voorhies Props Of Cenla Llc
Bought by
Lt Ents Llc
Seller's Agent
Michelle D Mouton
Real Broker, LLC
Buyer's Agent
Ali LaGarde
Dwight W. Andrus Real Est, LLC
List Price
$249,000
Current Estimated Value
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.59%

Purchase Details

Listed on
Jan 7, 2019
Closed on
Mar 19, 2020
Sold by
Becnel Jo L D
Bought by
Becnel Jo Lynn Daigle
Seller's Agent
Carolyn Groner
Keller Williams Realty Acadiana
Buyer's Agent
Lisa Bucher
Latter & Blum
List Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lt Ents Llc $249,000 --
Becnel Jo Lynn Daigle $156,000 Brown Pelican Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2022 10/18/22 Sold -- -- --
10/11/2022 10/11/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $249,000 +18.6% $177 / Sq Ft
06/25/2021 06/25/21 Sold -- -- -- View Prior Sale
05/20/2021 05/20/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $210,000 +10.5% $149 / Sq Ft
03/19/2020 03/19/20 Sold -- -- -- View Prior Sale
01/13/2020 01/13/20 Pending -- -- --
01/07/2019 01/07/19 For Sale $190,000 -- $135 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,470 $16,410 $7,264 $9,146
2024 $11 $16,410 $0 $0
2023 $1,492 $16,410 $7,264 $9,146
2022 $1,095 $16,410 $7,264 $9,146
2021 $1,096 $16,410 $7,264 $9,146
2017 $1,066 $16,671 $6,269 $10,402
2016 $1,038 $16,671 $7,389 $9,282
2014 $1,429 $16,671 $7,389 $9,282
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle D Mouton

    Real Broker, LLC

    (337) 371-1033

    138 Total Sales

    Michelle D Mouton
    Section Image

  • A

    Buyer's Agent in 2022

    Ali LaGarde

    Dwight W. Andrus Real Est, LLC

  • Carolyn Groner

    Seller's Agent in 2020

    Carolyn Groner

    Keller Williams Realty Acadiana

    (337) 578-4345

    98 Total Sales

    Carolyn Groner
    Section Image
  • Lisa Bucher

    Buyer's Agent in 2020

    Lisa Bucher

    Latter & Blum

    7 Total Sales

    Lisa Bucher
    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 22009506

REALTOR® Association of Acadiana

APN: 0502061500

Louisiana Iberia Parish New Iberia 70560

725 W Main St, 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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