Updated Oct 28, 2024
Seven Oaks Grant Coteau, LLC Acquires Multifamily Property In New Iberia For $1.85M
603 Yvonne Street, New Iberia, Louisiana 70560, United States
$1,850,000
Units
44
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
A multifamily property located at 603 Yvonne Street in New Iberia, LA has been sold for a price of $1,850,000. The property consists of 44 units, resulting in a price per unit of $42,045.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 44
- Price Per Unit: $42,045
The buyer of the property is Seven Oaks Grant Coteau, LLC. The transaction was facilitated by Marcus & Millichap, with Christian Redden, Chris Shaheen, and Patrick Cosgrove serving as the brokers representing the buyer and seller.
New Iberia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93