B CLASS APARTMENTS!!!

1444 Oakwood Drive, Greenville, MS

10.82% return

SP: $715,000

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Property Description

TURNKEY INVESTMETN!!!

Townhouse Complex. 13 x 2bed/1.5bath units. Units will rent at $750 per month or higher. Completely turnkey and in great condition. Solid tenants. Easy to manage. Separate electric and water meters, central heat and air, city water and sewer. Property will generate 10.82% NET RETURN ON INVESTMENT!!! Beauitful area, will not last.

Financing is available.

Property Information

Listing statusSold
Property typeMulti Family
Total units13
Total bedrooms26
Total bathrooms19.5
Building size13451 sq. ft.
Lot size1.3 acres
Year built1985

CountyWashington County
Subdivision
ConstructionBrick/Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$715,000
Estimated rehab¹$0
Total investment$715,000

TypeProforma

Gross income (annually)$117,000
Operating expenses (annually)$39,642
Net income (annually)$77,358
Gross return16.36%

Gross income (monthly)$9,750
Operating expenses (monthly)$3,303
Net income (monthly)$6,447
Net return10.82%

Property Income & ExpensesMonthlyAnnual

Income

Building 1
Unit A: 2 bed / 1.5 bath$750/month$9,000/year
Unit B: 2 bed / 1.5 bath$750/month$9,000/year
Unit C: 2 bed / 1.5 bath$750/month$9,000/year
Unit D: 2 bed / 1.5 bath$750/month$9,000/year
Building 2
Unit E: 2 bed / 1.5 bath$750/month$9,000/year
Unit F: 2 bed / 1.5 bath$750/month$9,000/year
Unit G: 2 bed / 1.5 bath$750/month$9,000/year
Unit H: 2 bed / 1.5 bath$750/month$9,000/year
Unit I: 2 bed / 1.5 bath$750/month$9,000/year
Building 3
Unit J: 2 bed / 1.5 bath$750/month$9,000/year
Unit K: 2 bed / 1.5 bath$750/month$9,000/year
Unit L: 2 bed / 1.5 bath$750/month$9,000/year
Unit M: 2 bed / 1.5 bath$750/month$9,000/year
Total$9,750/month$117,000/year

Expenses

Property Taxes$1,075/month$12,896/year
Insurance$720/month$8,640/year
Maintenance reserve$1,083/month$13,000/year
Waste Collection$306/month$3,666/year
Lawn care$120/month$1,440/year
Total$3,303/month$39,642/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.