1205 Mehle Street
Arabi, LA 70032
120
Bed
0
Bath
57,600Sqft
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 value-add potential for even greater returns. Arabi, LA, is a charming and rapidly developing community located just m
Property Details
Map
Map
Features
-
Bedroom Information
Total beds: 120Bathroom Information
Full Baths: 60 Half Baths: 30Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1974Construction Materials: BrickVeneer, FrameStories: 2Private Pool: No
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Lot Information
Lot Dimensions: 71350 Lot Description: OneToFiveAcres,CityLot
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Listing Price Information
Listing Price: $4450000Original Price: $4690000
-
Tax Information
Parcel Number: per assessor
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Virtual Tour
Parking Information
OffStreet, ParkingLot, ThreeOrMoreSpaces
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Location Information
WaterSource: Public
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ByOwner last updated this listing 08/21/2026 @ 00:11
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