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Arabi, LA Home for Sale with Acreage

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    $4,450,000

    $240K PRICE DROP
    • 57,600 Sq Ft

    1205 Mehle St, Arabi, LA 70032

    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

    Mason McCullough Bridgewater Realty Advisors, LLC

    1205 Mehle St, Arabi, LA 70032

Home Prices in Arabi, LA

Home Price Trends

Median Sale Price
$281,000
Median Single Family Sale Price
$289,000
Median 2 Bedroom Sale Price
$190,000
Average Price Per Sq Ft
$166
Number of Homes for Sale
42
Last 12 months Home Sales
135
Months of Supply
3.70
Median List Price
$300,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-3%
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