23061 Road 262Picayune, MS 39466

Property Details for 23061 Road 262

Year built

1985

Lot size

5.95 AC

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a five-unit single-family rental portfolio nestled on a sprawling 5.95-acre lot in Picayune, Mississippi. The property, located at 23061 Rd 262, boasts four existing mobile home rentals, each updated to varying degrees in 2020. The units consistently maintain high occupancy rates, providing immediate cash flow. Beyond the existing rentals, the property offers significant upside potential. Approximately 3.5 acres remain undeveloped, presenting an opportunity to expand the portfolio with an additional unit. A substantial pole building, complete with a second-story storage room, adds further value. Existing concrete slabs further facilitate potential construction projects. Built in 1985, the property benefits from recent renovations and is situated amidst picturesque oak trees. This turnkey investment is poised to deliver strong returns, offering a rare combination of immediate income and future growth potential in a desirable location. The property's substantial size and existing infrastructure make it an ideal investment for both seasoned and aspiring real estate investors seeking a high-yield, low-maintenance portfolio. The property is located in Hancock County, Mississippi, zip code 39466.

Location Insight

City

Picayune

County

Hancock

State

Mississippi

Latitude

30.5129

Longitude

-89.5579

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