Apartment Complex

Multi-Family for Sale
Catylist Listing ID: 30179268
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 8,880 SF
Gross Land Area: 1.65 Acres
Sale Price: $294,000
Unit Price: $29,400 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/8/2017

Overview / Comments

10 unit block building on concrete slab. Each unit has 2 bedrooms and 2 baths and is approximately 888 sq. feet. All units have central heat and air. This apartment building is located across the street from a public park with a baseball field, basketball courts, playground equipment and covered pavilion. As of 11/8/17 there are 9 units occupied and one vacant and ready for occupancy. Rental rates are $475- $500 per month. Current avg. rental rate is $486/month.

Additional Details

Nearest MSA: Laurel
County: Jones
Percent Occupied: 90%
Property Located Between: Across from K.C. Park and just down from Wayne Farms
Area Description: Located across the street from a public park with a baseball field, basketball courts, playground equipment and covered pavilion.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1996
Roof Type: Arched
Construction/Siding: Block
Parking Type: Surface
Parking Description: 2 spaces per unit
Total Parking Spaces: 20
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: 1st floor consists of living, dining, kitchen and full bath. 2nd floor has 2 bedrooms and 1 full bath.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,888 18,389 28,772
Median Age: 34.4 34.38 34.91
Households: 1,884 6,711 10,687

Contact

Photograph of Listing Agent

Lee Boyette

Woodland Realty, Inc.
Laurel, MS
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