NOT LISTED FOR SALE

1308 Mehle St Arabi, LA 70032

12 Beds
6 Baths
4,002 Sq Ft
1970 Built

Last Sold June 28, 2024

103 Days on Market

Highlights

  • Central Heating and Cooling System
  • Property is in excellent condition
  • Rectangular Lot

About This Home

As of June 2024

Renovated muli-family 6 plex in the heart of Arabi! Excellent location! Long term tenants with original rent prices from 2019! Huge VALUE ADD opportunity to simply raise rent to market value! Exceeds the 1% rule!! Tons of upgrades! Roof 2020, sewer line redone in 2020, all units renovated with granite counters and vinyl flooring! All units are identical. Market rents are $1100-$1150 making this an excellent cash flowing investment. NO FLOOD insurance required! Community laundry. No landscaping to maintain. Owner currently pays for water which can easily be converted to tenants. Huge Value add opportunity without doing any renovations!

Last Agent to Sell the Property

Michael Baradell

LPT Realty, LLC. License #995684390 Listed on: 03/16/2024

LPT Realty, LLC.

Last Buyer's Agent

Michael Baradell

LPT Realty, LLC. License #995684390 Listed on: 03/16/2024

LPT Realty, LLC.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 45x128
  • Rectangular Lot
  • Property is in excellent condition

Parking

  • Parking Lot

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Flat Roof with Façade front
  • Shingle Roof
  • Asphalt Shingled Roof

Interior Spaces

  • 4,002 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 6 Units

Listing and Financial Details

  • Tax Lot 1308
  • Assessor Parcel Number 1308

Property Details

Home Type

Apartment

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 45x128
  • Architectural Style: Other
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1970
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Apartment
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Living Area: 4002.0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Excellent
  • Roof: Asphalt, Flat, Shingle

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 1308
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Lot: 1308

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold -- -- --
04/18/2024 04/18/24 Price Changed $550,000 -4.3% $137 / Sq Ft
03/26/2024 03/26/24 Price Changed $575,000 -4.2% $144 / Sq Ft
03/16/2024 03/16/24 For Sale $600,000 -- $150 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Baradell

    LPT Realty, LLC.

    (985) 710-3356

    1 in this area

    263 Total Sales

    Michael Baradell
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2439096

APN: 10015630001B

Louisiana St Bernard Parish Arabi 70032

1308 Mehle St, Arabi, LA

Not Listed for Sale

MultiFamily

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