406 & 408 Fontelieu DR Active Save Request In-Person Tour Request Virtual Tour
New Iberia,LA 70560
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,062 sqft
Price per Sqft $48
Subdivision Pourciau
MLS Listing ID 2020022614
Bedrooms 6
Full Baths 4
Lot Size 0.600 Acres
Property Sub-Type Multi Family
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.
Location
State LA
County Iberia
Direction 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.
Interior
Interior Features Ceiling Fan(s),Storage,Unit 1(Eat-in Kitchen)
Heating Wall Furnace,Heat Unit(s)
Cooling Window Unit(s),AC Unit(s)
Flooring Concrete
Appliance Dryer,Refrigerator,Washer
Laundry Common Area,Unit 1 Washer/Dryer Hookup
Exterior
Fence Chain Link
Utilities Available Cable Available,Cable Connected
Roof Type Metal
Garage false
Building
Story 2
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools Magnolia
Middle Schools Iberia
High Schools New Iberia