Skip to main content
Back to Search Results
|

406 & 408 Fontelieu Drive, New Iberia, LA 70560

Show All 15 Photos
For Sale

$150,000

1,927 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $77.84
    Price per square foot

Explore this Property

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.
MLS# 2020022614

Courtesy Of Dwight W. Andrus Real Estate

(337) 534-0900

Property Features

  • Amenities
    Ceiling Fan, Cable Ready
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Concrete
  • Roof Type
    Metal
  • Rooms
    Kitchen

Map and Directions

Directions to 406 & 408 Fontelieu Drive, New Iberia, LA 70560

Home seller CENTURY 21 Action Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Action Realty

(337) 704-9021
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.