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3 Beds
1 Bath
1,202 sqft

$49,900

1022 Providence Street, New Iberia LA, 70560

Price per sqft$41.51
Property size1,202 sqft
Property typeResidential

Overview

Active

Listed Apr 19, 2026

Updated Sep 18

Very unique investment property opportunity! This rental is currently generating $675 per month with long-term tenants who would like to stay in place, providing immediate income for the new owner. This 1,202 SF, 3-bedroom, 1-bath home also features a massive 30' x 50' metal shop on slab totaling approximately 1,500 square feet -- a rare and valuable bonus, complete with oversized doors on both the front and back for easy drive-through access.The home includes a 2-car carport and on-site laundry. The property is professionally managed by Keaty Property Management and is located at the end of a quiet dead-end street.Low-maintenance features include a durable metal roof and vinyl siding, making this an excellent investment that easily meets the 1% rule. The home includes a gas cooktop, dishwasher, and refrigerator. A washer and dryer are already in place, along with a newer hot water heater located under the carport.Interior finishes include renter-friendly paneling walls and vinyl sheet flooring. There is some floor damage in the dining area, and the price reflects this condition. The home is cooled with window AC units and also offers a chain-link fenced backyard.

$332/mo

Est. mortgage payment based on a $49,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2600003355

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Courtesy of Keaty Real Estate Team, Tyler Albrecht,
Listing Contact:  

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