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$4,450,000
-- Bed
-- Bath
--sqft
1205 Mehle Street, Arabi, LA 70032
$4,450,000
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Multi Family
Built in -
$-- HOA
1.64 acres lot
--/sqft
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 val...
Continue Reading- Houzeo last checked: 39 Minutes ago
- Listing updated: October 21, 2025 at 5:16 pm
- Listing Provided by: Mason McCullough , Bryce Danna-Marullo | Bridgewater Realty Advisors, LLC
- Source: REALTOR® Association of Acadiana (Lafayette) MLS-LA | MLS#: NO2488793
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
1.64 acres lot
Basement Area
- sqft
MLS Name
REALTOR® Association of Acadiana (Lafayette) MLS
MLS Number
NO2488793
MLS Status
Active
Days on Market
283
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