Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
2,656
Unique opportunity to acquire a 10-unit apartment building with significant rental upside and an attractive value-add profile. The property features a unique and efficient unit mix, with 2-bedroom, 1-bath units and eight individual rooms for rent. The property is currently generating $3,045 per month in rental income, while the projected rent roll at full occupancy is approximately $4,840 per month - representing $1,795 per month in additional potential rental income, or approximately $21,540 in annual upside. With multiple units and a diversified tenant mix, the property offers an investor an opportunity to increase cash flow through lease-up and rental-rate optimization. The existing configuration provides a broad range of housing options, from larger 2-bedroom units to more affordable 1-bedroom spaces. Whether you're an experienced multifamily investor, looking for a house hack, or looking to add your first apartment asset to your apartment asset to your portfolio, this property offers a compelling combination of existing income and meaningful upside. Please see the attachments for additional information.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stone
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.12
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Traditional
Price
-
Sales Price
$199,900
-
Tax Amount
$696
-
Zoning
RI
-
Sq. Footage
2,656
-
Price/SqFt
$75
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Jackson
Elementary School
Middle School
High School
Listing Courtesy of Dustin Turner , Exp Realty
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Broker / Owner / REALTOR®
Mikki Dennis
Call Mikki today to schedule a private showing.
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