1534 S Patout Street, A B, New Iberia, LA 70560
$250,000
Property Type:
MultiFamily
Square Footage:
2,450
Status:
Active
Current Price:
$250,000
List Date:
9/16/2025
Last Modified:
9/16/2025
Description
Welcome to an exceptional opportunity to own a cash-flowing, turnkey investment property in the heart of New Iberia.
This property offers everything a savvy investor is looking for: strong tenant demand, updated interiors, spacious units, and consistent rental income.
Featuring two units, each with three bedrooms, two full bathrooms, and approximately 1,225 square feet of living space, this property offers ample room for tenants while delivering scale and stability for investors.
Both units are fully leased and professionally maintained, making this income-generating asset a rare find in the New Iberia market.
Supplements: ********
More Information MLS# 2500003529
Listing Info
Delayed Marketing: No
List Price/SqFt: 102.04
Document Modified: 2025-09-16 15:16:45.966469
Status: Active
Listing Date: 2025-09-15
Listing Price: 250000
Current Price: $250,000
Type: Multi Family
Modification Timestamp: 2025-09-16T20:26:23Z
Photo Modified: 2025-09-16T20:16:45Z
Location, Tax & Legal Info
Flood Zone: AE
School District: Iberia Parish
Legal Desc: 1- 40 X 120
LOT 16, LOT 14, PATOUT ST, LOTS 10 & 11
BEING PART LOT 15, BLK 7, SOUTHPORT SUB #2
LOCATED IN SEC 25, T12S, R6E
General Property Description
Approximate Age: 6 - 10 Years
Property Condition: Resale
Lot Dimensions: 40 X 120
Stories: 2
SqFt - Total: 2450
SqFt - Source: Owner
Total Parking Spaces: 4
# Heat Units: 2
# AC Units: 2
Individual Metered?: Yes
Mineral Rights: Conveyed
Number of Units: 2
Remarks & Misc
Remarks: Welcome to an exceptional opportunity to own a cash-flowing, turnkey investment property in the heart of New Iberia.
This property offers everything a savvy investor is looking for: strong tenant demand, updated interiors, spacious units, and consistent rental income.
Featuring two units, each with three bedrooms, two full bathrooms, and approximately 1,225 square feet of living space, this property offers ample room for tenants while delivering scale and stability for investors.
Both units are fully leased and professionally maintained, making this income-generating asset a rare find in the New Iberia market.
Office/Member/Contract Info
REO: No
Currently Not Used
Acreage Range: 0 - 0.5
Siding
Vinyl Siding: 1
Construction
Frame: 1
Foundation
Slab: 1
Heating
Central: 1
Electric: 1
Cooling
Central Air: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Water Company: LAWCO
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Unit 1
# Units: 1
Beds: 3
Full Baths: 2
SqFt: 1225
Rent/Mo: 1300
Occupant: Tenant
Unit 2
# Units: 2
Type: Twinhome
Beds: 3
Full Baths: 2
SqFt: 1225
Rent/Mo: 1300
Occupant: Tenant
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250914024619860435
Originating System Listing ID: 2500003529
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1534
Dir: S
Street Name: Patout
St Suffix: Street
Unit #: A B
Parish: Iberia
State: LA
Zip Code: 70560
Subdivision: Southport
Area: I2
Tax Assessment Number: 0503138500c
Elementary School: Call School Board
Middle School: Call School Board
High School: Call School Board
Directions: Traveling east down Admiral Doyle, take a right onto Southport Blvd. Left onto Weber. Right onto S. Patout. Property on Right.
Property Features
Siding: Vinyl Siding
Construction: Frame
Foundation: Slab
Heating: Central; Electric
Cooling: Central Air
Appliances: Dishwasher; Electric Range; Electric Range; Microwave
Sewer: Public Sewer
Water Source: Public
Financing: Cash; Conventional; FHA; VA
Listing Office: ReHive, LLC
Last Updated: September - 16 - 2025
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.