$775,000
New Iberia, LA 70560
MLS# 2600000164
145000 sqft
1 / 10
Property Description
28-Lot Mobile Home Park Investment Opportunity | New Iberia Strong value-add mobile home park opportunity in New Iberia featuring 28 lots, solid in-place cash flow, and an estimated cap rate of approximately 10%. This asset offers immediate income with additional upside through expansion. Included in the sale is an additional parcel with the potential to support approximately 10-20 additional mobile homes, subject to subdivision and development plans. A house is also included in the sale and is being assigned no value. With most homes being tenant-owned, the park benefits from a lower-maintenance operating model while still including some park-owned homes for added income potential. Current lot rent is $280 per lot, creating a stable base with room for future optimization depending on market conditions. Investment Highlights 28-lot mobile home park in New Iberia Approximate 10% cap rate Strong existing cash flow Additional parcel included with expansion potential for 10-20 more lots Large vacant area for future development Most homes are tenant-owned Additional income from park-owned homes Lot rent currently $280 per lot Existing management company willing to remain in place Seller is a licensed real estate agent This is an attractive opportunity for an investor seeking immediate yield, operational stability, and long-term upside through infill and expansion.
Details
Documents
Listing Info
Delayed Marketing: No
List Price/SqFt: 5.34
Seller Willing to Sell Separately?: Yes
Document Modified: 2026-01-22 05:56:27.944755
Status: Active
Listing Date: 2026-01-21
Listing Price: 775000
Current Price: $775,000
Type: Mobile Home Park
Modification Timestamp: 2026-05-27T14:29:58Z
Photo Modified: 2026-05-21T13:20:25Z
Location, Tax & Legal Info
Flood Zone: X
School District: Iberia Parish
Legal Desc: Commercial property is included with the sale. Check documents for other info. Listing Broker does not hold escrow checks. Legal Description: 1- 460/485 X 299/289 (3.15 AC) ITEM 8 DELCAMBRE EST, HUVAL & BROWN, WALTON ST, S.P.R.R IMP (1104 WALTON ST) ITEM
General Property Description
Approximate Age: 41 - 50 Years
Property Condition: Resale
Condition: Fair
Lot Dimensions: 460/485 X 299/289
SqFt - Total: 145000
SqFt - Source: Approximate
Total Parking Spaces: 56
# Heat Units: 0
# AC Units: 0
Individual Metered?: Yes
Mineral Rights: Negotiable
Number of Units: 28
Remarks & Misc
Remarks: 28-Lot Mobile Home Park Investment Opportunity | New Iberia
Strong value-add mobile home park opportunity in New Iberia featuring 28 lots, solid in-place cash flow, and an estimated cap rate of approximately 10%.
This asset offers immediate income with additional upside through expansion. Included in the sale is an additional parcel with the potential to support approximately 10-20 additional mobile homes, subject to subdivision and development plans. A house is also included in the sale and is being assigned no value.
With most homes being tenant-owned, the park benefits from a lower-maintenance operating model while still including some park-owned homes for added income potential. Current lot rent is $280 per lot, creating a stable base with room for future optimization depending on market conditions.
Investment Highlights
28-lot mobile home park in New Iberia
Approximate 10% cap rate
Strong existing cash flow
Additional parcel included with expansion potential for 10-20 more lots
Large vacant area for future development
Most homes are tenant-owned
Additional income from park-owned homes
Lot rent currently $280 per lot
Existing management company willing to remain in place
Seller is a licensed real estate agent
This is an attractive opportunity for an investor seeking immediate yield, operational stability, and long-term upside through infill and expansion.
Office/Member/Contract Info
REO: No
List AOR: RAA
Siding
Vinyl Siding: 1
Construction
Modular: 1
Foundation
Piers: 1
Heating
Wall Units: 1
Cooling
Window Units: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Water Company: LAWCO
Appliances
Electric Range: 1
Fencing
Partial: 1
Lot
Additional Land Avai: 1
Financing
Cash: 1
Conventional: 1
Lease Purchase: 1
Owner Finance: 1
Private Banking: 1
Tenant Pays
Electric: 1
Sewer: 1
Trash: 1
Water: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20260122013941640151
Originating System Listing ID: 2600000164
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1110
Street Name: Walton
St Suffix: Street
Parish: Iberia
State: LA
Zip Code: 70560
Subdivision: None
Area: I2
Tax Assessment Number: 0503865490aa
Elementary School: Johnston-Hopkins
Middle School: Anderson
High School: Westgate
Directions: Directions: From 90 take exit 126 Take left on Jefferson island rd 2.9 take right St. Mary .4 miles take left on Walton
Property Features
Siding: Vinyl Siding
Construction: Modular
Foundation: Piers
Heating: Wall Units
Cooling: Window Units
Appliances: Electric Range; Electric Range
Lot: Additional Land Avai
Fencing: Partial
Tenant Pays: Electric; Sewer; Trash; Water
Sewer: Public Sewer
Water Source: Public
Financing: Cash; Conventional; Lease Purchase; Owner Finance; Private Banking
Flood Determination IDX
Listing Office: Cachet Real Estate, LLC
Last Updated: May - 27 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. 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 Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
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