For Sale
$1,100,000

100 Red Oak DrPhiladelphia, MS 39350

16-Unit Apartment Complex, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 16-unit apartment complex situated on a 1.5-acre lot at 100 Red Oak Drive, Philadelphia, Mississippi, 39350. The property, listed at $1,100,000, is classified as Special Purpose and boasts a strong rental history with excellent monthly income. Each of the sixteen units includes two bedrooms and one bathroom, and a commitment to consistent upkeep is evident through the refurbishment undertaken between tenant occupancy. The property's location in a developing area of Philadelphia suggests significant potential for future rental rate increases and enhanced profitability. This makes it an attractive prospect for investors seeking a stable, income-generating asset with considerable upside. The property's size and unit configuration provide a manageable scale for ownership, while the existing tenant base ensures immediate cash flow. Detailed financial records are available upon request, providing comprehensive insight into the property's performance and potential. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing Mississippi market. Don't miss this chance to secure a valuable addition to your investment portfolio.

Highlights

  • 16-unit apartment complex on a 1.5-acre lot in Philadelphia, MS.
  • Listed at $1,100,000, classified as Special Purpose.
  • Strong rental history with excellent monthly income; each unit features two bedrooms and one bathroom.
  • Located in a developing area with potential for rental rate increases.
  • Well-maintained property with immediate cash flow and detailed financial records available.

Property Details for 100 Red Oak Dr

Property type
Specialty properties
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Philadelphia
County
Neshoba
State
Mississippi
Latitude
32.7661636
Longitude
-89.1502683
100 Red Oak Dr, Philadelphia, Mississippi

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100 Red Oak Dr
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