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406 & 408 Fontelieu Drive

New Iberia, LA 70560
  • $150,000
  • STATUS: Active
  • ON SITE: 219 Days
  • MLS #: 2020022614
UPDATED: 17 min ago
$150,000
  • 6
    BEDS
  • 0.6
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,062
    SQFT
  • $49
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:
I2

School Information

Elementary School:
Middle School:
High School:

Description

Investor special! This unique income-producing property offers four rental units generating a total of $1,950 per month, providing steady cash flow from day one with its 100% occupancy. Situated on a spacious 195' wide x 134' deep lot, this property is full of potential for the right buyer.First property in the package is a 3 bedroom 1 bath brick on slab home with long-standing tenant. Next is a triplex with 2 downstairs studios and one upstairs unit. Shared laundry is used for all 4 tenants, though the house does have hook ups. This could be an ideal owner occupant/landlord opportunity too. Many years ago- the property was used as a mechanic shop. So the property includes large covered bays that open the door to a variety of possibilities--convert to a car wash, auto detailing service, workshop, or storage facility. With plenty of land to work with, there's room to expand or redevelop in the future. This property is perfect for an investor or entrepreneur with vision. Whether you hold for cash flow, redevelop, or explore business use, the opportunities are here.

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Licensed by the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA
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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2025-11-14T16:10:41.33.
www.keatyrealestate.com/homes/162371406
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406 & 408 Fontelieu Drive New Iberia, LA 70560

  • Price: $150,000
  • Status: Active
  • On Site: 219 Days
  • Updated: 17 min ago
  • MLS #: 2020022614
6
Beds
4
Baths
0
½ Baths
0.6
Acres
3,062
SQFT
$49
$/SQFT
Neighborhood:
Pourciau
County:
Iberia
Area:
I2
Elementary School:
Magnolia
Middle School:
Iberia
High School:
New Iberia
Property Description
Investor special! This unique income-producing property offers four rental units generating a total of $1,950 per month, providing steady cash flow from day one with its 100% occupancy. Situated on a spacious 195' wide x 134' deep lot, this property is full of potential for the right buyer.First property in the package is a 3 bedroom 1 bath brick on slab home with long-standing tenant. Next is a triplex with 2 downstairs studios and one upstairs unit. Shared laundry is used for all 4 tenants, though the house does have hook ups. This could be an ideal owner occupant/landlord opportunity too. Many years ago- the property was used as a mechanic shop. So the property includes large covered bays that open the door to a variety of possibilities--convert to a car wash, auto detailing service, workshop, or storage facility. With plenty of land to work with, there's room to expand or redevelop in the future. This property is perfect for an investor or entrepreneur with vision. Whether you hold for cash flow, redevelop, or explore business use, the opportunities are here.
Exterior Features

Carport YN No Construction Materials BrickConcreteOther Siding Fencing Chain Link Foundation Details Slab Garage YN No Other Structures RV/Boat StorageShed(s)Storage Parking Features AssignedCovered Parking Total 6 Roof Metal Structure Type Unit 1(Flat)Unit 2(Flat)Unit 3(Flat)

Interior Features

Appliances DryerRefrigeratorWasher Building Area Total 1927 Cooling Window Unit(s)AC Unit(s) Cooling YN Yes Flooring Concrete Heating Wall FurnaceHeat Unit(s) Heating YN Yes Interior Features Ceiling Fan(s)StorageUnit 1(Eat-in Kitchen) Laundry Features Common AreaUnit 1 Washer/Dryer Hookup

Property Features

Current Monthly Income 1900 Current Occupancy 100 Listing Agreement Exclusive Right Mineral Rights Conveyed Occupant Type TenantUnit 1(Tenant)Unit 2(Tenant)Unit 3(Tenant) Property Sub Type Multi Family Sewer Public Sewer Tenant Pays Broadband/Internet AccessCable/Sat TV Utilities Cable AvailableCable Connected

Courtesy of Dwight Andrus Real Estate Agency, LLC: 337-534-0900. Listing information © 2025 REALTOR® Association of Acadiana MLS. All rights reserved.


Licensed by the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA
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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2025-11-14T16:10:41.33.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503