UPDATED:
10/12/2024 11:36 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,763 sqft
Price per Sqft $58
Subdivision West Park
MLS Listing ID 4082833
Bedrooms 28
Full Baths 14
Originating Board MLS United
Year Built 1969
Annual Tax Amount $3,751
Lot Size 1.000 Acres
Acres 1.0
Property Description
All 14 apartments are 2-bedroom units. They are generating monthly rents ranging from $550 to $675, while four units are vacant,. Overall improvements were made to the exterior of both buildings and numerous apartments were improved on the interior to enhance full occupancy of this complex. The property is management-intensive, making it ideal for hands-on investors. The current monthly income from the occupied units are approximately $5875.
Please note current month financial records or rent rolls are available. Units will be shown only with an acceptable contract, and proof of funds is required for any offer to be considered. Additionally, a third building with 7-8 units was destroyed in a fire in 2016 and has since been removed. The space is now open for a new construction project (please verify zoning regulations;).
This property represents a unique opportunity to enhance value and achieve high returns in a desirable location.. Don't miss out., contact your favorite Realtor today to submit your offer.
Location
State MS
County Hinds
Direction Exit W Capitol St off I 220. Go east about a mile and take left on O'Ferrell. Property on right.
Interior
Heating Other
Cooling Window Unit(s)
Furnishings No
Exterior
Exterior Feature None
Garage No Garage
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront No
Waterfront Description None
Roof Type Architectural Shingles
Parking Type No Garage
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type None
New Construction No
Schools
Elementary Schools Jackson
Middle Schools Betty Mae Jack
High Schools Provine
Others
Tax ID 120-123
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Get More Information