NOT LISTED FOR SALE

New Iberia, LA 70560

Estimated Value: $100,534 - $127,000

Studio
-- Bath
1,200 Sq Ft
$97/Sq Ft Est. Value

Last Sold July 16, 2021

Current estimated payment $655/month

161 Days on Market

About This Home

As of July 2021

Here's your opportunity to own a great mobile home park perfect for a first time investor or just someone wanting to add an additional income producing property to their portfolio! Great cash flow and low expenses make this a hot investment opportunity. The park has a total of 17 spaces and 14 current tenants. Also Included is a large home that's currently renting at $850/month. Current monthly gross Income is $4,200/mo. Also, recent improvements include updates of electrical to oxidation system, electric poles and new LED security lighting. Tenants are directly billed by city water. Won't last long!

Last Agent to Sell the Property

Octavian Cross

Frontline Real Estate Group License #0995690772 Listed on: 11/30/2020

Last Buyer's Agent

Ted Daigle

EXP Realty, LLC License #0995694847

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2.41 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Mobile Home Park
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Central Air
  • Multiple Heating Units

Community Details

  • 17 Units
  • Gross Income $50,400

Listing and Financial Details

  • Tenant pays for sewer, trash collection, water

Property Details

Home Type

Multi-Family

Lot Details

2.41 Acres

Listing Details

  • Property Sub Type: Mobile Home Park
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.41
  • Lot Size: 2.41
  • Subdivision Name: None
  • Directions: Hwy 90 to Exit LA-675, Left on Leonce Theriot Rd, Right on LA -14W, make a u-turn on divided Hwy and property will be on your Right.
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • List_136: 91.896351
  • Special Features: None

Interior Features

  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Other, Vinyl Siding
  • Foundation Details: Other
  • Property Condition: 31 - 40 Years

Garage/Parking

  • Total Parking Spaces: 20

Utilities

  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Other, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Other Water/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: 104979.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 17
  • Annual Gross Income: 50400

Tax Info

  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2022
Sold by
Leblanc Alicia C
Bought by
Leblanc Paul M and Leblanc Alicia Crawford
Current Estimated Value
$116,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Outstanding Balance
$63,220
Interest Rate
0.63%
Mortgage Type
Construction
Estimated Equity
$53,164
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Leblanc Paul M $60,000 American Title Co/New Iberia L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leblanc Paul M $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold -- -- --
05/11/2021 05/11/21 Pending -- -- --
11/30/2020 11/30/20 For Sale $349,900 -- $292 / 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 $515 $6,229 $1,153 $5,076
2024 $507 $6,229 $1,153 $5,076
2023 $522 $6,247 $1,035 $5,212
2022 $533 $6,481 $1,269 $5,212
2021 $534 $6,481 $1,269 $5,212
2017 $480 $6,222 $1,010 $5,212
2016 $469 $6,222 $1,010 $5,212
2014 $449 $5,899 $808 $5,091
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2021

    Octavian Cross

    Frontline Real Estate Group

    Section Image
  • Ted Daigle

    Buyer's Agent in 2021

    Ted Daigle

    EXP Realty, LLC

    (337) 945-6763

    73 Total Sales

    Ted Daigle
    Section Image
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Source: REALTOR® Association of Acadiana

MLS Number: 20010558

REALTOR® Association of Acadiana

APN: 0104695990

Louisiana Iberia Parish New Iberia

70560

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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