
Listed by Exit Southern Charm Realty
$750,000
13370 Hwy 61 N
Details
APN 3103 08000 0000715
Property Type Multifamily, Retail
Sub Type Apartment Building, Bar
Square Footage 8,400
Cap Rate 1.28%
NOI $9,600
Price per SqFt $119
Year Built 2009
Buildings 1
Stories 2
Acreage 0.390
Zoning Commercial
Parking Spaces 25 spaces
Parking Per SqFt 2.98
Investment Type Owner/User
Multifamily | 1.28% CAP
Marketing description
Exceptional Commercial Investment Opportunity with Multiple Income Stream s! Located just minutes from local casinos and DeSoto County, MS, this prime commercial property offers tremendous potential for both business and residential income. The building features two fully equipped restaurants with liquor licenses (transferable), making it an ideal opportunity for restaurant owners and investors alike. Each restaurant is fully operational, complete with office space, kitchen equipment, tables, chairs, and all necessary appliances to run a successful operation. The bar areas in both restaurants are perfect for providing a full-service dining experience, while storage areas and restrooms ensure smooth day-to-day operations. Upstairs, the property includes 5 studio apartments and 3 one-bedroom apartments, all of which are income producing and ready for tenants. The apartments offer a mix of living spaces that appeal to a variety of renters, making this property a fantastic investment for steady, reliable rental income. This versatile property combines commercial and residential income streams, making it a rare find. Whether you're looking to operate a thriving restaurant business, capitalize on rental income, or both, this property is ready to deliver. Don't miss out—schedule a showing today and unlock the full potential of this incredible investment!
Investment highlights
Diversified income from both commercial and residential tenants.
Location in an Opportunity Zone may provide tax incentives for investors.
Proximity to local casinos and DeSoto County enhances potential customer base.
Recent renovations in 2021 reduce immediate capital expenditure needs.
Listing Contacts

Listed by Exit Southern Charm Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,600.00
$800.00/mo
Valuation Metrics
0
DSCR
1.28%
Cap Rate
1.28%
ROI
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