About This Home

This 3-bedroom, 2-bathroom single family at 311 S Morgan Avenue in Broussard, LA is listed for $199,000 ($117 per sqft). Built in 1975, the home offers 1,705 sqft of living space on a 0.15 acres lot.

Key Features

  • Built in 1975
  • 0.15 acre lot

Property Details

1 story
2 full
1975

Amenities

A/C
Listing Description

INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! This extensively renovated property offers investors the opportunity to acquire an income-producing asset with an existing lease in effect through August 2027. Zoned CN (Commercial Neighborhood), the property offers added long-term flexibility with potential for both residential and commercial uses, subject to applicable zoning requirements.

Whether held as a rental investment or considered for future professional office, boutique, salon, studio, service-based business, or other permitted use, this property offers options beyond a traditional residential rental. The property has undergone extensive renovations, including new floor joists, subflooring and flooring, a renovated bathroom

with new shower and toilet, new appliances, fresh interior paint, updated fixtures, new water heater, new AC ductwork, and a refreshed kitchen featuring new countertops, tile backsplash, and hardware. A complete renovation list is available upon request.

Additional features include three separate driveway entrances, a storage shed, convenient access to Main Street shopping, dining and local activities, and a location in Flood Zone X. Tenant occupied with lease in place through August 2027. No showings prior to an accepted offer. Please do not disturb tenant. Lease information, renovation records and city zoning documents are available upon request. Seller is motivated and welcomes offers.

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

311 S Morgan Avenue

Broussard, LA 70518

Broussard Addition

Features & Amenities

Interior Features

Electric Stove ConWalk-In Closet(s)Window TreatmentsElectric Dryer Con

Property Details

Flooring

WoodVinyl

Construction

Brick

Parking

Carport

Heating

Central

Cooling

Central AirCeiling Fan(s)

Appliances

DishwasherDisposalElectric RangeRefrigeratorWater PurifierPlumbed For Ice MakerDishwasherDisposalElectric RangeRefrigeratorWater PurifierPlumbed For Ice Maker

Questions & Answers

This 3-bedroom, 2-bathroom single family at 311 S Morgan Avenue is listed at $199,000 ($117/sqft). The estimated monthly payment is $1,064 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 0.15 acre lot. Interior Features: Electric Stove Con, Walk-In Closet(s), Window Treatments.

This property is listed by Elaina Thrasher.

ET

Elaina Thrasher

License 995715455

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: (337) 522-7554 · View on Broker Site

MLS# 2600006461· Source: Realtor Association of Acadiana· 107 days on PropertySimple

Copyright © 2026 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.

311 S Morgan Avenue, Broussard, LA 70518

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