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$4,450,000
120 Beds
90 Baths60 full baths + 30 half baths
57,600sqft
1205 Mehle St, Arabi, LA 70032
$4,450,000
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Apartment
Built in 1974
$-- HOA
-- sqft lot
$77/sq.ft
Description
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 comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and...
- Houzeo last checked: 21 Minutes ago
- Listing updated: October 21, 2025 at 5:07 pm
- Listing Provided by: Mason McCullough (504) 298-8631 , Bryce Danna-Marullo | Bridgewater Realty Advisors, LLC (504) 901-0463
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2488793
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1974
HOA Fees
-
Finished Area
57,600 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2488793
MLS Status
Active
Days on Market
284
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