11980 Road 149Philadelphia, MS 39350

Property Details for 11980 Road 149

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents five single-family homes situated on a spacious 4.1-acre lot in Philadelphia, Mississippi. Each of the five cottages boasts 864 square feet of living space, featuring two bedrooms and one bathroom. All units include central heating and air conditioning, and are equipped with modern stainless steel appliances. The interior finishes are durable and low-maintenance, with stained concrete flooring and sheetrock walls. Currently, all five units are leased at $900 per month, with the owner covering water expenses (approximately $20 per unit). The property is conveniently located within the Neshoba Central School District. A significant advantage is the zero exterior maintenance required for these cottages, minimizing upkeep and maximizing return on investment. Furthermore, the property includes four additional prepared building pads, presenting a substantial opportunity for future expansion and increased revenue potential. This turnkey investment offers a strong cash flow with significant upside, making it an ideal long-term investment opportunity. The asking price for this multifamily property is $469,000. This property is located at 11980 Road 149, Philadelphia, MS 39350.

Location Insight

City

Philadelphia

County

Neshoba

State

Mississippi

Latitude

32.7603

Longitude

-89.1325

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