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USALANew IberiaPourciau406 & 408 Fontelieu Dr
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$150,000

406 & 408 Fontelieu Dr, New Iberia, LA

Real Estate

For Sale

$--,---,---
646
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3062 sqft
Garage No
Taxes 
Days Active 66
Lot Size 
Approx. Age 
Avg. Price Per Sqft $48
MLS® Number 2020022614

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number2020022614
Laundry LevelCommon Area, Unit 1 Washer/Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.5999
Exterior
GarageNo
Approx. Age
Basement
DrivewayAssigned, Covered
Garage Spaces
HeatWall Furnace, Heat Unit(s)
A/CWindow Unit(s), AC Unit(s)
Heating Fuel

Extras

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