List Search

2915 Highway 14
New Iberia, LA 70560

$2,800,000 USD

Apartments For Sale  •  160,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 160,000 SF
  • Lot Size 6.49 AC
  • Building Class C
  • Year Built 1977
  • Zoning C-4
0 Transit Score
19 Walk Score

Highlights

Prime Visibility: Signalized corner location with over ±50,000 VPD. Owner financing available for a qualified Purchaser
Investor asset with flexible closing and value pricing at $17,500 per key. Strategic Access: 20 minutes from Lafayette Regional Airport (LFT)
Underperforming Asset: offering significant room for revenue improvement for new management. The property is located right off Exit 128A Hwy 90
Submarket Growth: Southern Louisiana hospitality submarket has experienced 2.1% ADR and 2.8% RevPAR growth year-over-year
Located within a 3-mile radius of Walmart Supercenter, T.J. Maxx, restaurants, and 14,000+ daytime workers
Priced well-below replacement. New Iberia has shown interest in converting comparable properties to apartments

Property Flyers

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
New Iberia Amtrak (Sunset Limited - Amtrak) 7 min - 3.7 mi
AirportDriveWalkDistance
Lafayette Regional/Paul Fournet Field 25 min - 19.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 240
Type: Surface
Included in Rent: Yes
Tom French 404-876-1640 Bull Realty Inc.
Tom French 404-876-1640 Bull Realty Inc.