1022 Providence St, New Iberia, LA 70560

Property Description

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.