Apartment Buildings /LA /St Bernard County /Arabi /1205 Mehle St
Apartment Buildings /LA /St Bernard County /Arabi /1205 Mehle St

1205 Mehle St - Apartments FOR SALE


Arabi, LA 70032 | 
$4,690,000 USD
561-945-4108
1205 Mehle St, Arabi, LA for Sale
$4,690,000 USD
Apartments - FOR SALE
1/6
null | 7.14% Cap Rate
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1205 Mehle St
Arabi, LA 70032

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OVERVIEW

- Cap rate: 7.14% | Pro forma cap rate: 9.45% - 1975 Vintage | Value-Add Opportunity - Ability to raise rents 20-25% with minor cosmetic updates - 97% Occupied

FOR SALE DETAILS

PRICE

$4,690,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

60

PRICE/UNIT

$78,167

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arabi Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

R-3

APN/PARCEL ID

139900000126

ASK ABOUT THIS PROPERTY

Charlie SmithMarcus & MillichapMore Info
561-945-4108

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Charlie SmithMarcus & MillichapMore Info
561-945-4108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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