406 & 408 Fontelieu Drive, New Iberia, LA 70560 (MLS# 2020022614)

406 & 408 Fontelieu Drive, New Iberia, LA 70560

$150,000
Property Type: MultiFamily Square Footage: 1,927 Status: Pending
Current Price: $150,000 List Date: 5/18/2025 Last Modified: 8/05/2025

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.

Supplements: ********

More Information MLS# 2020022614

Listing Info

Status: Pending Listing Date: 2025-04-08 Listing Price: 150000 Current Price: $150,000 List Price/SqFt: 77.84 Seller Willing to Sell Separately?: No Type: Multi Family Document Modified: 2025-04-08 18:30:57.741025 Modification Timestamp: 2025-08-05T03:42:53Z Photo Modified: 2025-04-08T23:30:57Z

Location Tax Legal Info

Street Number: 406 & 408 Street Name: Fontelieu St Suffix: Drive Parish: Iberia State: LA Zip Code: 70560 Subdivision: Pourciau Area: I2 Tax Assessment Number: 0503984000a Elementary School: Magnolia Middle School: Iberia High School: New Iberia Directions: Take Admiral Doyle in the direction of Jeanerette. Pass NISH & Cathy's Daycare. Fontelieu is the next street on the left after Bayard St. Property will be on the left after you pass a little convenient store (Pantry Food on the right) Please do not disturb tenants. No sign on the property.

General Property Description

Approximate Age: 51 - 75 Years Number of Units: 4 Stories: 2 # Buildings: 2 SqFt - Total: 1927 SqFt - Source: Appraiser Total Parking Spaces: 6 # Heat Units: 1 # AC Units: 6 Individual Metered?: No Lot Dimensions: 195x134 Mineral Rights: Conveyed

Status Change Info

Under Contract Date: 2025-08-04

Unit 1

Floor Plan: house Type: Flat Beds: 3 Full Baths: 1 SqFt: 1135 Rent/Mo: 400 Occupant: Tenant

Unit 2

Floor Plan: Apt. A (left) Type: Flat Beds: 1 Full Baths: 1 SqFt: 586 Rent/Mo: 500 Occupant: Tenant

Unit 3

Floor Plan: Apt. B (right) Type: Flat Beds: 1 Full Baths: 1 Rent/Mo: 550 Occupant: Tenant SqFt: 586

Unit 4

Floor Plan: Apt. C (upstairs) Beds: 1 Full Baths: 1 SqFt: 755 Rent/Mo: 500

Water Source

Water Company: Cleco

Property Features

Siding: Other Parking: Assigned; Covered Construction: Brick; Concrete Foundation: Slab Roof: Metal Heating: Wall Units Cooling: Window Units Flooring: Concrete Appliances: Dryer; Refrigerator; Washer Unit 1 Features: Eat-in Kitchen; Washer/Dryer Hookup Equipment: Cable Available; Cable Ready; Ceiling Fans Other Structures: RV/Boat Storage; Sheds(s); Storage Fencing: Chain Link Miscellaneous: Community Laundry; Storage in Building; Units Vary Owner Pays: Electric; Gas; Sewer; Trash; Water Tenant Pays: Broadband/Internet Access; Cable/Sat TV Sewer: Public Sewer Financing: Cash; Other
Listing Office: Dwight Andrus Real Estate Agency, LLC
Last Updated: August - 05 - 2025
406 & 408 Fontelieu Drive, New Iberia, LA 70560- MLS# 2020022614
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