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Chalmette, LA Home for Sale with Acreage

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    $4,450,000

    • 120 Beds
    • 90 Baths
    • 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

    Mason McCullough Bridgewater Realty Advisors, LLC

    1205 Mehle St, Arabi, LA 70032
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