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9 Units | Brick Multi Family| Leland MS

Distress Multifamily - 25% Cap Rate . Upcoming Location!

Listing Contacts

Active

Asking Price: $394,900
Earnest Money  Deposit: 20% min.

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Address 

224 Tyler St, Leland, MS 38756

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Date Added
Oct 28, 2024
Days on Market
149 days
Time Since Last Update
17 hours

Details

Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
ClassC
Cap Rate18.13%
Pro-Forma Cap Rate34.70%
Occupancy100%
NOI$71,592
Pro-Forma NOI$137,028
Units9
Parking (per unit)1
Price/Unit$43,877.78
OwnershipREO
Sale ConditionDistressed
IntelligenceINTELLIGENCE
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Marketing Description

Premium Real Estate Package in Leland/Greenville, Mississippi

 Discover a fantastic investment opportunity with this package of 4 DUPLEXES AND 1 SINGLE-FAMILY HOME

This investment opportunity provides STABLE INCOME AND LOW OPERATING COSTS.​

 Configuration:

224 Tyler St - 2 Units - 3 Bedrooms 2 Baths

226 Tyler St - 2 Units - 3 Bedrooms 2 Baths

228 Tyler St - 2 Units - 3 Bedrooms 2 Baths

643 W Walthall St - 2 Units - 2 Bedrooms 1 Baths

309 Watwood St - 1 SFR 3 Bedrooms 2 Baths

Contact us today (754) 218-0220 for more information and to schedule a viewing!

Investment Highlights

Key Features: 

1. STRATEGIC LOCATION: Nestled along the Mississippi River in an Opportunity Zone in Greenville, Mississippi, this property benefits from the city's thriving economy and ongoing development. Enjoy easy access to local amenities, schools, and employment centers while capitalizing on the area's growth potential.

 

2. INCOME-GENERATING FROM DAY ONE: With all units fully occupied, you're stepping into a revenue-generating investment from day one. The consistent rental income ensures a steady cash flow, maximizing your return on investment.

 

3. SOLID CONSTRUCTION: The buildings feature durable BRICK CONSTRUCTION W/ ASPHALT SHINGLE ROOFS, CENTRAL A/C AND HEATING, as well as CITY WATER AND SEWER. These reliable structures ensure minimal maintenance and provide peace of mind for investors.

 

4. GROWTH POTENTIAL: As Greenville continues to grow and develop, the demand for quality housing is set to rise. This property offers a GREAT AFTER-REPAIR VALUE, positioning it for high returns as the local economy expands.

 

5. LOW OPERATING COSTS: The efficient infrastructure and management of these properties result in low operating costs, enhancing your profitability and ensuring a hassle-free ownership experience.

 

6. COMMUNITY-FOCUSED: Foster a sense of community within your investment property. Long-term tenants contribute to a positive living environment, ensuring consistent occupancy and rental income.

 

Don't miss out on this exceptional investment opportunity in Greenville's expanding real estate market. Secure your future with 224 Tyler St. and benefit from its promising growth potential.

 

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,592.00
$5,966.00/mo

Valuation Metrics

0
DSCR
18.13%
Cap Rate
18.13%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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