Courtesy: Bridgewater Realty Advisors, LLC
Mason McCullough
504-298-8631
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 minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and value-add potential for even greater returns. Arabi, LA, is a charming and rapidly developing community located just minutes from New Orleans, offering a unique blend of suburban tranquility and urban accessibility. With its proximity to major highways and the historic French Quarter, Arabi offers the perfect balance of suburban living with easy access to the bustling city, making it a highly desirable location for both tenants and investors alike.
Arabi is located in Louisiana. Arabi, Louisiana has a population of 4,080. Arabi is more family-centric than the surrounding county with 29.34% of the households containing married families with children. The county average for households married with children is 25.77%.
The median household income in Arabi, Louisiana is $51,157. The median household income for the surrounding county is $52,538 compared to the national median of $69,021. The median age of people living in Arabi is 37.8 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 45.4 degrees. The average rainfall is approximately 65.5 inches per year, with 0 inches of snow per year.
