616 N Bayou Avenue Active Save Request In-Person Tour Request Virtual Tour
Cleveland,MS 38732
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,152 sqft
Price per Sqft $71
Subdivision Carpenters
MLS Listing ID 4089025
Bedrooms 28
Full Baths 17
Year Built 1991
Annual Tax Amount $16,974
Lot Size 0.920 Acres
Property Description
This investment opportunity includes 14 residential rental units on a 0.92� acre lot, featuring four triplexes and a duplex. There is also an additional pad site ready for development. The property has a potential income of $11,000 monthly or $132,000 annually. Located near the Cleveland Country Club, Delta State University, and Downtown Cleveland, it offers convenience and appeal for tenants.
Annual Expenses:
Taxes: $16,974
Water: $6,000
Garbage: $3,132
Common Area Maintenance: $3,000
Insurance: $6,720
4 Units are 4 Bed, 2 Bath
8 Units are 2 Bed, 1 Bath
The Duplex is 1 Bed, 1 Bath on each side
Call today to discuss the investment potential and to schedule your private showing.
Location
State MS
County Bolivar
Interior
Heating Central,Electric
Cooling Central Air
Exterior
Exterior Feature Balcony
Garage Concrete
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
Roof Type Asphalt,Asphalt Shingle
Building
Lot Description City Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Balcony
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA