B CLASS APARTMENTS!!!
1444 Oakwood Drive, Greenville, MS
10.82% return
SP:
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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 statusPending
  • 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 & Expenses

  • 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.

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