*** ********* ***, ********, MS
19.58% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6

Property Description

CHARMING MULTIFAMILY!!! 

6 houses and a triplex, total of 9 units on 11.5 acres. 3 hours away from New Orleans. The area is served by two military facilities that employ thousands of people. Separate electric meters. PROPERTY WILL GENERATE AN INSANE 19.58% RETURN!!! Some renovations are needed. Beautiful nature!! $60K IN EQUITY AFTER RENOVATIONS!! 

Property management and financing available!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units9
  • Total bedrooms15
  • Total bathrooms9
  • Building size6910 sq. ft.
  • Lot size11.5 acres
  • Year built1940 - 1955
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle, Metal
  • Water sourceCity water
  • Water disposalSeptic
  • HeatingGas Furnace, Window Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $280,000
  • Estimated rehab 1 $40,000
  • Total investment $320,000
  • Type Proforma
  • After repair value $380,000
  • Potential profit $60,000
  • Gross income (annually) $85,800
  • Operating expenses (annually) $23,130
  • Net income (annually) $62,670
  • Gross return 26.81%
  • Gross income (monthly) $7,150
  • Operating expenses (monthly) $1,928
  • Net income (monthly) $5,223
  • Net return 19.58%

Property Income & Expenses

  • Income
  • Single Family #1
  • Unit 1: 1 bed / 1 bath $600/month $7,200/year
  • Single Family #2
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Single Family #3
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Single Family #4
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Single Family #5
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Single Family #6
  • Unit 1: 2 bed / 1 bath $800/month $9,600/year
  • Triplex
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Unit 2: 1 bed / 1 bath $750/month $9,000/year
  • Unit 2: 1 bed / 1 bath $750/month $9,000/year
  • Total $7,150/month $85,800/year
  • Expenses
  • Property Taxes $342/month $4,100/year
  • Water, Sewer and Waste $200/month $2,400/year
  • Lawn care $150/month $1,800/year
  • Maintenance reserve $333/month $4,000/year
  • Insurance (estimated) $188/month $2,250/year
  • Property Management $715/month $8,580/year
  • Total $1,928/month $23,130/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.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

Share Listing

Unlock address

This is a premium off-market property. In order to unlock the address, you will need to sign a non-disclosure agreement. Please sign up or sign in into your account to get started.

Sign In Sign Up

Property Tools

 Print
Copyright by Real Pro, Inc 2021 . All Rights Reserved.