406 & 408 Fontelieu Dr New Iberia, LA 70560
Estimated payment $849/month
Highlights
- RV Garage
- Window Unit Cooling System
- Shed
- Eat-In Kitchen
- Storage
- Ceiling Fan
About This Home
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.
Listing Agent
Dwight Andrus Real Estate Agency, LLC License #99563787 Listed on: 04/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $703
Lot Details
- 0.6 Acre Lot
- Lot Dimensions are 195 x 134
- Chain Link Fence
Home Design
- Brick Exterior Construction
- Slab Foundation
- Metal Roof
- Siding
Interior Spaces
- 3,062 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Storage
- Concrete Flooring
- Eat-In Kitchen
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 6 Parking Spaces
- Covered Parking
- RV Garage
- Assigned Parking
Outdoor Features
- Shed
Schools
- Magnolia Elementary School
- Iberia Middle School
- New Iberia High School
Utilities
- Window Unit Cooling System
- Central Air
- Multiple Heating Units
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for broadband/internet access, cable/sat TV
- The owner pays for electricity, gas, sewer, trash collection, water
- Tax Lot 11,12,13, 14, 18 &19
Community Details
Overview
- 2 Buildings
- 4 Units
- Pourciau Subdivision
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Gross Income $22,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $703 | $7,961 | $679 | $7,282 |
| 2023 | $783 | $8,610 | $679 | $7,931 |
| 2022 | $575 | $8,610 | $679 | $7,931 |
| 2021 | $575 | $8,610 | $679 | $7,931 |
| 2020 | $575 | $8,610 | $0 | $0 |
| 2017 | $526 | $8,232 | $679 | $7,553 |
| 2016 | $513 | $8,232 | $679 | $7,553 |
| 2014 | $618 | $7,205 | $697 | $6,508 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $150,000 | 0.0% | $49 / Sq Ft |
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 05/18/2025 05/18/25 | For Sale | $150,000 | 0.0% | $49 / Sq Ft |
| 05/05/2025 05/05/25 | Pending | -- | -- | -- |
| 04/08/2025 04/08/25 | For Sale | $150,000 | -- | $49 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: REALTOR® Association of Acadiana
MLS Number: 2020022614
APN: 0503984000A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.
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