$675,000
505 3rd Street Clarksdale, MS 38614
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$675,000
Est. payment /mo
10,339 SqFt
UPDATED:
08/24/2024 04:48 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,339 sqft
Price per Sqft $65
MLS Listing ID 4081080
Originating Board MLS United
Year Built 1942
Annual Tax Amount $5,553
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 5000
Property Description
Welcome to Bluesville Apartment Complex, a unique investment opportunity nestled in the heart of Clarksdale, Mississippi.
Bluesville Apartment Complex features a total of 16 units, with 14 currently rented, providing immediate rental income. One unit is currently utilized as an office and has a bathroom, but no kitchen, but can easily be converted back into a residential unit, offering additional rental potential. It is also plumbed to be set up as a laundry facility as well.
Parking is behind the building and there is a pavilion in the parking lot where tenants can grill.
Each apartment in Bluesville is 500 square feet of comfortable living space designed to maximize functionality and comfort. The complex enjoys a high occupancy rate with long-term tenants, reflecting its desirability and stability. This makes it an ideal investment for those seeking a property with steady cash flow and room for growth. The current cap rate is 10.6.
Whether you're an investor looking to expand your portfolio or seeking a property with historical significance and stable returns, Bluesville is the perfect choice. Don't miss out on this exceptional opportunity. Contact you realtor today to schedule a viewing and discover why Bluesville Apartment Complex is the ideal investment for you.
Bluesville Apartment Complex features a total of 16 units, with 14 currently rented, providing immediate rental income. One unit is currently utilized as an office and has a bathroom, but no kitchen, but can easily be converted back into a residential unit, offering additional rental potential. It is also plumbed to be set up as a laundry facility as well.
Parking is behind the building and there is a pavilion in the parking lot where tenants can grill.
Each apartment in Bluesville is 500 square feet of comfortable living space designed to maximize functionality and comfort. The complex enjoys a high occupancy rate with long-term tenants, reflecting its desirability and stability. This makes it an ideal investment for those seeking a property with steady cash flow and room for growth. The current cap rate is 10.6.
Whether you're an investor looking to expand your portfolio or seeking a property with historical significance and stable returns, Bluesville is the perfect choice. Don't miss out on this exceptional opportunity. Contact you realtor today to schedule a viewing and discover why Bluesville Apartment Complex is the ideal investment for you.
Location
State MS
County Coahoma
Building
Level or Stories Two
New Construction No
Others
Tax ID 402-24035000m-0000600
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