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About
About Sugarland Terrace
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of Sugarland Terrace, a 26-unit, 2006-built LIHTC single-family rental community located in New Iberia, LA. The asset is eligible for LIHTC re-syndication as well as to undergo the qualified contract (QC) process. Sugarland Terrace is individually metered and individually parceled allowing for seamless market-rate conversion. Current ownership is offering an extremely appealing seller financing structure, providing security and optionality to the next investor. The robust economic trends throughout the Lafayette MSA, highlighted by the projected addition of 7K+ jobs by the end of 2025, are fueling a surge in demand, particularly for young families choosing to relocate. Built in 2006, Sugarland Terrace offers an outstanding opportunity to invest in a unique community of 26 LIHTC SFR homes with massive floorplans averaging 1,422 sqft.
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