1308 Mehle Street Arabi, LA 70032
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySt. Bernard
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site91 Days
- MLS StatusActive Under Contract
- MLS ID Number2439096
- Home Size Source Assessor
- Year Built1970
- Lot Size0 Acres
- Full Baths6
- Partial BathsN/A
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General Features
- Style Other
- Construction Brick
- Parking Parking Lot
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0
- Water Public
- Cross Street Urquhart
- Property Sub Type Apartment
- Foundation Slab
Interior Features
- Cooling Central Air
- Heating Central
Exterior Features
- Roof AsphaltFlatShingle
- Lot City LotRectangular Lot