1. Louisiana
  2. New Iberia
  3. 406 & 408 Fontelieu Drive
$150,000

406 & 408 Fontelieu Drive, New Iberia, LA 70560

  • 6 beds |
  • 4 baths |
  • 3,062 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $49/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
Dwight Andrus Real Estate Agency, LLC : 337-534-0900
Listing Agent:
Claire Disch : 337-296-1540
MLS ID:
2020022614
  • General: Ceiling Fan(s)StorageUnit 1(Eat-in Kitchen)
  • Appliances: DryerRefrigeratorWasher
  • Laundry: Common AreaUnit 1 Washer/Dryer Hookup
  • Flooring: Concrete
  • A/C: Window Unit(s)AC Unit(s)
  • Heating: Wall FurnaceHeat Unit(s)

This listing courtesy of Claire Disch, Dwight Andrus Real Estate Agency, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »

Location

Schools Nearby

M

Magnolia Elementary School

3116 E Admiral Doyle Dr, New Iberia, LA, 70560

Grades PK-6

1.20 miles away

I

Iberia Middle School

613 Weeks Island Rd, New Iberia, LA, 70560

Grades 7-8

2.56 miles away

N

New Iberia High School

1301 E Admiral Doyle Dr, New Iberia, LA, 70560

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.