1205 Mehle St, Arabi LA 70032 Home for Sale

$4,690,000

120 Beds | 90 Baths | 57,600 sqft

1205 Mehle St

$4,690,000

ACTIVE

1205 Mehle St, Arabi, LA 70032

120 Beds

90 Baths

57,600 SqFt

About This Home

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 97% occupied, providing a solid, stable income stream. With a current cap rate of 7.14% on actuals and an impressive 9.45% on year 2 pro forma numbers, The Arabi Townhomes presents a strong...

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Snapshot

Price:
$4,690,000

Bedrooms:
120

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:
No Disclosure

Snapshot data provided by LAORLEANS

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Listing Provided By: Mason McCullough with Bridgewater Realty Advisors

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