$150,000

406 & 408 Fontelieu Dr New Iberia, LA 70560

Estimated payment $895/month

Total Views 7,478
6 Beds
4 Baths
3,062 Sq Ft
$49 Price per Sq Ft

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

Claire Disch

Dwight Andrus Real Estate Agency, LLC License #99563787

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$703

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5999
  • Lot Size: 195 x 134
  • Subdivision Name: Pourciau
  • 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.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 1(Flat), Unit 2(Flat), Unit 3(Flat)
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Refrigerator, Washer
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Concrete
  • Interior Amenities: Ceiling Fan(s), Storage, Unit 1(Eat-in Kitchen)
  • Living Area: 3062
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Brick, Concrete, Other Siding
  • Foundation Details: Slab
  • Other Structures: RV/Boat Storage, Shed(s), Storage
  • Property Condition: 51 - 75 Years
  • Roof: Metal

Garage/Parking

  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 6

Utilities

  • Laundry Features: Common Area, Unit 1 Washer/Dryer Hookup
  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected

Schools

  • Elementary School: Magnolia
  • Junior High Dist: Iberia Parish
  • High School: New Iberia
  • Middle Or Junior School: Iberia

Lot Info

  • Lot Size Sq Ft: 26130
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 22800
  • Number Of Units Leased: 3
  • Total Actual Rent: 1950

Tax Info

  • Tax Lot: 11,12,13, 14, 18 &19

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 For Sale $150,000 -- $49 / Sq Ft
Source: REALTOR® Association of Acadiana

Deed History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Source: REALTOR® Association of Acadiana

MLS Number: 2020022614

REALTOR® Association of Acadiana

APN: 0503984000A

Louisiana Iberia Parish New Iberia 70560

406 & 408 Fontelieu Dr, New Iberia, LA

Homes for Sale in New Iberia, LA

This home is located at 406 & 408 Fontelieu Dr, New Iberia, LA 70560 and is currently priced at $150,000, approximately $48 per square foot. 406 & 408 Fontelieu Dr is a home located in Iberia Parish with nearby schools including Magnolia Elementary School, Iberia Middle School, and New Iberia Senior High School.

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.

REALTOR® Association of Acadiana 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.

Listing Agent
Claire Disch
Section Image
Dwight Andrus Real Estate Agency, LLC
(337) 674-3554