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Opportunity Zone
REO 20 Units Multifamily | FIXER UPPER! FULLY VACANT!
A fantastic opportunity here with a major upside. Development job that will bring in the big returns
Listing Contacts
License: FL FL 3009858
Active
Asking Price: $499,000
Earnest Money Deposit: 10% min.
Address
925 S Theobald St, Greenville, MS 38701
Show on MapDate Added
Sep 27, 2024
Days on Market
170 days
Time Since Last Update
15 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
ClassC
Square Footage7,500
Price/Sq Ft$66.53
Cap Rate17.45%
Pro-Forma Cap Rate46.89%
OccupancyVacant
Pro-Forma NOI$234,000
Units20
Year Built1979
Stories2
Lot Size (acres)0.21
Price/Unit$24,950
OwnershipREO
Sale ConditionBank owned foreclosure
Marketing Description
Amazing Opportunity for the Right Investor!
This is a Handyman’s Dream!
Ready for Rehab!
LOCATED IN THE HEART OF MISSISSIPPI, MINUTES AWAY FROM LAKE FERGUSON AND DOWNTOWN GREENSVILE.
PERFECT OPPORTUNITY FOR THE RIGHT INVESTOR.
GREAT AFTER REPAIR VALUE. GREAT CASH FLOW IF YOU DECIDE TO BUY AND HOLD. LOW EXPENSES.
SEPARATE ELECTRIC METERS. CITY WATER & SEWER.
Investment Highlights
Owner Motivated
Valuation Calculator
Valuation Calculator
Loan Amount
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ROI
Property History
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Due Diligence
Listing Contacts
- License: FL FL 3009858
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