Listing Courtesy of: Michael Baradell - LPT Realty, LLC.
985-710-3356
$550,000
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1308 MEHLE Street Arabi, LA 70032
Apartment
Residence
12
Beds
6
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 grani...te 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!
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MLS#
2439096
Property Type
Apartment
Bedrooms
12
Bathrooms
6 Full
Year Built
1970
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