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!
Closed
Price Unknown
1308 Mehle St, Arabi, LA 70032
12beds
4,002sqft
Multi Family, Apartment
Built in 1970
-- sqft lot
$-- Zestimate®
$--/sqft
$2,520 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,520/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Michael Baradell 985-710-3356,
LPT Realty, LLC.
Bought with:
Michael Baradell
LPT Realty, LLC.
Source: GSREIN,MLS#: 2439096
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Central
Cooling
- Central Air
Interior area
- Total interior livable area: 4,002 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,760 sqft
- Dimensions: 45 x 128
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 1308
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt,Flat,Shingle
Condition
- Excellent
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Arabi
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | -- |
Source:  GSREIN #2439096 Report a problem | ||
| 4/29/2024 | Contingent | $550,000$137/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 4/18/2024 | Price change | $550,000-4.3%$137/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 4/3/2024 | Listed for sale | $575,000$144/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 4/2/2024 | Contingent | $575,000$144/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 3/26/2024 | Price change | $575,000-4.2%$144/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 3/16/2024 | Listed for sale | $600,000$150/sqft |
Source: GSREIN #2439096 Report a problem | ||
| 3/12/2020 | Listing removed | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 2/10/2020 | Listed for rent | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 11/13/2019 | Listing removed | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 10/13/2019 | Listed for rent | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 8/13/2019 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,540 | $43,000 |
| 2024 | $6,540 +72.9% | $43,000 +74.1% |
| 2023 | $3,782 +8.5% | $24,700 |
| 2021 | $3,485 +2.4% | $24,700 |
| 2020 | $3,403 | $24,700 |
| 2019 | $3,403 -3.7% | $24,700 |
| 2018 | $3,533 | $24,700 |
| 2017 | $3,533 | $24,700 |
| 2016 | $3,533 +1.7% | $24,700 |
| 2015 | $3,473 | $24,700 |
| 2014 | $3,473 +27.9% | $24,700 |
| 2012 | $2,715 +195.3% | $24,700 +195.7% |
| 2011 | $919 +7.5% | $8,352 |
| 2010 | $855 | $8,352 |
Find assessor info on the county website
Neighborhood: 70032
Nearby schools
GreatSchools rating
- 8/10Arabi Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Andrew Jackson Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Chalmette High SchoolGrades: 9-12Distance: 3.4 mi
- Louisiana
- Saint Bernard Parish
- Arabi
- 70032
- 1308 Mehle St
Nearby cities
Nearby zip codes
Other Arabi Topics
