4 Plex For Sale

Multi-Family for Sale
Catylist Listing ID: 30347712
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,049 SF
Gross Land Area: 0.17 Acres
Sale Price: $94,000
Unit Price: $23,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 11/16/2018

Overview / Comments

Brick 4-plex situated in the heart of Laurel. Income producing multi-family property. Each unit has two bedrooms and bath with original hardwood floors.. As of 11/5/18, all four units are occupied. The property currently grosses $1575 a month.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,480 (Annual)
Potential Rental Income $18,900 (Annual)
Gross Operating Income $18,900 (Annual)
Net Operating Income $13,879 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Laurel
County: Jones
Zoning: R-2
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1950
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Space Heaters
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: 4 units; 2 bedrooms, 1 bath per unit.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TAX PARCEL # 134P-31-17-024.00 LAUREL IMPROVEMENT CO ADDN BLK 1 LOT 25

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,768 20,966 31,276
Median Age: 32.81 34.15 35.59
Households: 2,459 7,701 11,653

Contact

Photograph of Listing Agent

Lee Boyette

Woodland Realty, Inc.
Laurel, MS
The information presented herein is provided as is, without warranty of any kind. Neither Mississippi Commercial Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.