Garden-Style Multifamily
For Sale
$3,890,000
1341 20 Arpent Rd, New Iberia, LA 70560
Garden-style apartment community with 74 units and a unit mix of one-, two-, and three-bedroom apartments.
Property Size61,060 SF
Price / SF$63.71
Days on Market93
Property Features for 1341 20 Arpent Rd
General Information
Standard status
Active
Size
61,060 SF
Property subtype
Multifamily
Zoning
R-5
Additional Details
Multifamily Units
74
Amenities
Power
Water
Sewer
Building Details
Construction
brick-and-siding
Listing Agency:
Bridgewater Realty Advisors
Listed By:
Mason McCullough · License #LA9705
(504) 298-5547
Source:
Lacdb.resimplifi
Added: Jun 10
Changed: Sep 8
Last Checked: Sep 9 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
Cherrybrook Apartments is a 74-unit garden-style multifamily community featuring a classic brick-and-siding construction and an established apartment layout. The property includes four one-bedroom units, forty-six two-bedroom units, and twenty-four three-bedroom units, providing a diversified mix of apartment sizes.
The community is positioned for investor flexibility with no rent restrictions in place. The offering materials also note a pro forma potential based on light cosmetic renovations and adjusted rent targets, with projected net operating income of $426,131 over a 12–24 month period, subject to independent verification of the underlying assumptions and adjustments for property taxes and management fees.
As presented, Cherrybrook Apartments offers operational versatility through its broad household-size mix and the lack of imposed rent restrictions, supported by the property’s long-term, low-maintenance garden-style design.
The community is positioned for investor flexibility with no rent restrictions in place. The offering materials also note a pro forma potential based on light cosmetic renovations and adjusted rent targets, with projected net operating income of $426,131 over a 12–24 month period, subject to independent verification of the underlying assumptions and adjustments for property taxes and management fees.
As presented, Cherrybrook Apartments offers operational versatility through its broad household-size mix and the lack of imposed rent restrictions, supported by the property’s long-term, low-maintenance garden-style design.
Key Highlights
- 74‑unit garden‑style apartment community built in 1988
- Unit mix: 4 one‑bedroom, 46 two‑bedroom, and 24 three‑bedroom apartments
- No rent restrictions reported, providing operational flexibility for the property
Property Analytics
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Current Use
Lease Details
74
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style apartment community with 74 units and a unit mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 1341 20 Arpent Rd New Iberia, LA.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: 74‑unit garden‑style apartment community built in 1988; Unit mix: 4 one‑bedroom, 46 two‑bedroom, and 24 three‑bedroom apartments; No rent restrictions reported, providing operational flexibility for the property
