$150,000
New Iberia, LA 70560
MLS# 2020022614
Status: Pending
1927 sqft
1 / 15
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.
Details
Documents
Listing Info
Delayed Marketing: No
List Price/SqFt: 77.84
Seller Willing to Sell Separately?: No
Document Modified: 2025-04-08 18:30:57.741025
Status: Pending
Listing Date: 2025-04-08
Listing Price: 150000
Current Price: $150,000
Type: Multi Family
Modification Timestamp: 2025-10-11T14:35:56Z
Photo Modified: 2025-04-08T23:30:57Z
Location, Tax & Legal Info
School District: Iberia Parish
Multiple Tax Parcels: 0503984000, 0503984000A, 0503984000B
Legal Desc: 1- 65 X 134
LOT 10, LOT 12, FONTELIEU DR., LOT 20.
BEING LOT 11, BLK B, PART 2, POURCIAU SUB
1- 65 X 134
LOT 11, LOT 13, FONTELIEU DR, LOT 19
BEING LOT 12, BLK B, POURCIAU SUB
1- 65 X 134
LOT 12, LOT 14, FONTELIEU DR, LOT 18
BEING LOT 13, BLK B,
General Property Description
Approximate Age: 51 - 75 Years
Lot Dimensions: 195x134
Stories: 2
# Elevators: 0
# Buildings: 2
SqFt - Total: 1927
SqFt - Source: Appraiser
Total Parking Spaces: 6
# Heat Units: 1
# AC Units: 6
Individual Metered?: No
Mineral Rights: Conveyed
Number of Units: 4
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
REO: No
List AOR: RAA
Siding
Other: 1
Parking
Assigned: 1
Covered: 1
Equipment
Ceiling Fans: 1
Cable Available: 1
Cable Ready: 1
Construction
Brick: 1
Concrete: 1
Foundation
Slab: 1
Roof
Metal: 1
Heating
Wall Units: 1
Cooling
Window Units: 1
Flooring
Concrete: 1
Sewer
Public Sewer: 1
Water Source
Water Company: Cleco
Appliances
Dryer: 1
Refrigerator: 1
Washer: 1
Unit 1
Floor Plan: house
Type: Flat
Beds: 3
Full Baths: 1
SqFt: 1135
Rent/Mo: 400
Occupant: Tenant
Unit 1 Features
Eat-in Kitchen: 1
Washer/Dryer Hookup: 1
Unit 2
Floor Plan: Apt. A (left)
Type: Flat
Beds: 1
Full Baths: 1
SqFt: 586
Rent/Mo: 500
Occupant: Tenant
Fencing
Chain Link: 1
Unit 3
Floor Plan: Apt. B (right)
Type: Flat
Beds: 1
Full Baths: 1
Rent/Mo: 550
Occupant: Tenant
SqFt: 586
Other Structures
RV/Boat Storage: 1
Sheds(s): 1
Storage: 1
Unit 4
Floor Plan: Apt. C (upstairs)
Beds: 1
Full Baths: 1
SqFt: 755
Rent/Mo: 500
Financing
Cash: 1
Other: 1
Miscellaneous
Community Laundry: 1
Storage in Building: 1
Units Vary: 1
Owner Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Tenant Pays
Broadband/Internet Access: 1
Cable/Sat TV: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250408022949845972000000
Originating System Listing ID: 2020022614
Originating System Name: RAA Flex
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.
Status Change Info
Under Contract Date: 2025-08-04
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
House Property Disclosure Listing Office: Dwight Andrus Real Estate Agency, LLC
Last Updated: October - 11 - 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.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
IDX
. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
Licensed & Regulated in the jurisdiction of the Louisiana Real Estate Commission, Members of the National Association of Realtors®, Louisiana Realtors®, Realtor® Association of Acadiana, Multiple Listing Service (MLS), Louisiana Commercial (www.lacdb.com), The Realtor® Commercial Alliance, Equal Housing Opportunity.