1341 20 ARPENT Road, New Iberia, LA, 70560

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$3,890,000
1 Day On Site

1341 20 ARPENT Road
New Iberia, LA 70560

For Sale|Apartment|Active
168
Beds
74
Total Baths
74
Full Baths
61,060
SqFt
$64
/SqFt
1999
Built
County:
Iberia
Call Now: (504) 228-6500
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(504) 228-6500
1341 20 ARPENT Road1341 20 ARPENT Road1341 20 ARPENT Road1341 20 ARPENT Road
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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.

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Listing Snapshot
Price 
$3,890,000
Days On Site 
1 Day
Bedrooms 
168
Inside Area (SqFt) 
61,060 sqft
Total Baths 
74
Full Baths 
74
Partial Baths 
N/A
Lot Size 
6.515 Acres
Year Built 
1999
MLS® Number 
2562417
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing first seen on site
2 days agoListing updated with changes from the MLS®
General Features
Acres 
6.515
Cross Street 
E St Peter St & Adrian St
Foundation 
Slab
Levels 
One
Parking 
Off StreetParking LotDriveway
Property Sub Type 
Apartment
Sewer 
Public Sewer
Style 
Traditional
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
Common Area
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Exterior Features
Construction Details 
BrickVinyl Siding
Exterior 
Permeable Paving
Lot Features 
City Lot
Pool Features 
None
Roof 
Shingle
Community Features
Accessibility Features 
Accessible Entrance
Listing courtesy of Bridgewater Realty Advisors, LLC

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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