LA > Arabi
Arabi, LA 70032,1308 MEHLE ST
Arabi, LA 70032,1308 MEHLE ST
Arabi, LA 70032,1308 MEHLE ST
Arabi, LA 70032,1308 MEHLE ST
Arabi, LA 70032,1308 MEHLE ST
Arabi, LA 70032,1308 MEHLE ST
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$550,000

$550,000

Est.Price: ?

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Est. payment /mo

12 Beds

6 Baths

4,002 SqFt

SOLD DATE : 06/28/2024

Key Details

Sold Price $550,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,002 sqft

Price per Sqft $137

MLS Listing ID 2439096

Sold Date 06/28/24

Style Other

Bedrooms 12

Full Baths 6

Construction Status Excellent

HOA Y/N No

Year Built 1970

Property Sub-Type Apartment

Property Description

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!

Location

State LA

County St. Bernard

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Lot

Water Access Desc Public

Roof Type Asphalt,Flat,Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Construction Status Excellent

Others

Tax ID 1308

Financing Conventional

Special Listing Condition None

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Mark Hingle

Mark Hingle

+1(504) 982-5237

Our team is ready to help you sell your home for the highest possible price ASAP

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by LPT Realty, LLC.
Bought with LPT Realty, LLC.
Mark Hingle

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(504) 982-5237

newhomenola@gmail.com

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