Locally owned in Lafayette, Louisiana · Since 1984
Locally owned in Lafayette, Louisiana · Since 1984
$4,190,000
NEW PRICE! 8.8% cap rate on actual NOI! 11.37% 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 90-95% 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.
Listing courtesy of Bridgewater Realty Advisors IDX · mason@bridgewater.realty · 504-901-0463
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
1205 MEHLE Street, Arabi, LA 70032
Listing data from the IDX program of ROAMmls. Listings held by brokerages other than Guidry & Co. Real Estate, Inc. are marked “IDX” and include the name of the listing brokerage. Information deemed reliable but not guaranteed. Listing last updated Oct 22, 2026, 3:06 PM CT.
