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Details
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!PROPERTY FEATURES
Water Source : Public
Sewer : Public Sewer
Parking Features: Parking Lot
Lot Features : City Lot,Rectangular Lot
Property Condition : Excellent
6 Unit(s)
Heating System : Central
Heating : Yes.
Cooling: Central Air
Foundation Details: Slab
Construction Materials: Brick
Roof Type: Asphalt,Flat,Shingle
Levels : Two
PROPERTY DETAILS
Street Address: 1308 MEHLE Street
City: Arabi
State: Louisiana
Postal Code: 70032
County: St. Bernard
MLS Number: 2439096
Year Built: 1970
Courtesy of LPT Realty, LLC.
City: Arabi
State: Louisiana
Postal Code: 70032
County: St. Bernard
MLS Number: 2439096
Year Built: 1970
Courtesy of LPT Realty, LLC.
Courtesy of Bridgewater Realty Advisors, LLC
