$4,450,000
120 Beds | 90 Baths | 57,600 sqft
1205 Mehle St
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$4,450,000
ACTIVE
1205 Mehle St, Arabi, LA 70032
120 Beds
90 Baths
57,600 SqFt
About This Home

8.27% cap rate on actual NOI! 10.71% pro forma cap rate. The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 100% occupied, providing a solid, stable income stream. $54,525 per month gross income - far exceeds 1% rule. Recent market rent c...

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Snapshot
  • Price:
  • $4,450,000
  • Bedrooms:
  • 120
  • Total Baths:
  • 90
  • Full Baths:
  • 60
  • Half Baths:
  • 30
  • Square Footage:
  • 57,600
  • Year Built:
  • 1974
  • Listing ID #:
  • 2488793
  • Street Address:
  • 1205 Mehle St
  • City:
  • Arabi
  • State:
  • LA
  • Postal Code:
  • 70032
  • County:
  • St. Bernard
  • Listing Status:
  • Active
  • Listing Type:
  • Apartment
  • Special Code:
  • False
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Building
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Listing Provided By: Mason McCullough with Bridgewater Realty Advisors
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