1536 S Patout Street, B C, 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:
9/23/2025
Description
Don't miss this incredible chance to acquire a turnkey, income-producing property in the heart of New Iberia.
Designed for the savvy investor, this property combines everything you're looking for: steady rental income, strong tenant demand, updated interiors, and spacious layouts.
It features two units, each offering three bedrooms, two full bathrooms, and approximately 1,225 square feet of comfortable living space—providing plenty of room for tenants while offering scale and long-term stability for your portfolio.
Currently fully leased and professionally managed, this property is a rare investment opportunity in the New Iberia market.
Supplements: ********
More Information MLS# 2500003533
Listing Info
Delayed Marketing: No
List Price/SqFt: 102.04
Document Modified: 2025-09-23 11:18:18.568740
Status: Active
Listing Date: 2025-09-16
Listing Price: 250000
Current Price: $250,000
Type: Package Homes
Modification Timestamp: 2025-09-23T16:18:32Z
Photo Modified: 2025-09-19T15:21:14Z
Location, Tax & Legal Info
Flood Zone: AE
School District: Iberia Parish
Legal Desc: 1- 35 X 120
LOT 15, LOT 13, PATOUT ST, LOTS 11 & 12
BEING PART LOT 14, BLK 7, SOUTHPORT SUB #2
LOCATED IN SEC 25, T12S, R6E
General Property Description
Approximate Age: 6 - 10 Years
Property Condition: Resale
Lot Dimensions: 35 X 120
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: Don't miss this incredible chance to acquire a turnkey, income-producing property in the heart of New Iberia.
Designed for the savvy investor, this property combines everything you're looking for: steady rental income, strong tenant demand, updated interiors, and spacious layouts.
It features two units, each offering three bedrooms, two full bathrooms, and approximately 1,225 square feet of comfortable living space—providing plenty of room for tenants while offering scale and long-term stability for your portfolio.
Currently fully leased and professionally managed, this property is a rare investment opportunity in the New Iberia market.
Office/Member/Contract Info
REO: No
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
Built-In Electric Oven: 1
Dishwasher: 1
Electric Range: 1
Unit 1
Type: Twinhome
Beds: 3
Full Baths: 2
SqFt: 1225
Rent/Mo: 1150
Occupant: Tenant
Unit 2
Type: Twinhome
Beds: 3
Full Baths: 2
SqFt: 1225
Rent/Mo: 1150
Occupant: Tenant
Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250914030703483048
Originating System Listing ID: 2500003533
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1536
Dir: S
Street Name: Patout
St Suffix: Street
Unit #: B C
Parish: Iberia
State: LA
Zip Code: 70560
Subdivision: Southport
Area: I2
Tax Assessment Number: 0503138500b
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: Built-In Electric Oven; Dishwasher; Electric Range; Electric Range
Sewer: Public Sewer
Water Source: Public
Financing: 1031 Exchange; Cash; Conventional; FHA; VA
Documents
Property Disclosure ›Listing Office: ReHive, LLC
Last Updated: September - 23 - 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.