For Sale
$499,000

581 Center AvePhiladelphia, MS 39350

Six-unit brick apartment complex, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a six-unit brick apartment complex located at 581 Center, Philadelphia, Mississippi, 39350. The property boasts a total of 4,774 square feet situated on a generous 10,830 square foot lot. Currently, all six units are 100% occupied, generating a stable monthly income of $5,400, with each unit rented at $900 per month. Recent renovations enhance the property's value and appeal; units feature fresh paint, durable vinyl lock-and-fold flooring, and a long-lasting metal roof. This turnkey investment is ideal for a passive income strategy, offering immediate cash flow and potential for future appreciation. The property's location in Philadelphia, Neshoba County, Mississippi provides access to local amenities and a stable rental market. The asking price for this well-maintained multifamily property is $499,000. This represents a compelling opportunity for investors seeking a strong return on investment in a desirable location. Serious inquiries are encouraged to explore this lucrative proposition further.

Highlights

  • $499,000 asking price.
  • Special purpose property.
  • 4,774 square feet.
  • 10,830 square foot lot.
  • Six-unit brick apartment complex in Philadelphia, MS.
  • 100% occupancy at $900/month per unit ($5,400 total monthly income).

Property Details for 581 Center Ave

Property type
Specialty properties
Square Feet
4,774 SF

Location Insight

City
Philadelphia
County
Neshoba
State
Mississippi
Latitude
32.7603148
Longitude
-89.1324866
581 Center Ave, Philadelphia, Mississippi

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581 Center Ave
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