# 1110 Walton Street, New Iberia, LA 70560

> **TL;DR:** residential multi family, $775,000 ($5/sqft), 145,000 sqft.
> A/C. Est. $3,358/mo. Listed 131 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $775,000 |
| Price/sqft | $5 |
| Square Feet | 145,000 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 131 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,358 |
| **Total** | **$3,358** |

## Nearby Schools

- **Elementary:** Johnston-Hopkins
- **Middle:** Anderson
- **High:** Westgate

## Key Amenities

- A/C

## Property Highlights

- 56 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 1110 Walton Street, New Iberia, LA 70560
- **County:** Iberia
- **Coordinates:** 29.99916, -91.832717
- **Google Maps:** https://www.google.com/maps?q=29.99916,-91.832717

## Listing Agent

- **Name:** Terrica L Smith
- **Brokerage:** Cachet Real Estate, LLC
- **Phone:** 3372079370
- **Email:** cachetrealestateterrica@gmail.com

## Primary Photo

![1110 Walton Street - Primary Photo](http://lh.rdcpix.com/2830ded397507a25f8379698217f434dl-f2661631128r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/1110-walton-street-new-iberia-la-70560-00000164)*

---

**MLS#:** 2600000164 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1110-walton-street-new-iberia-la-70560-00000164)

---

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