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: 7/9/2018

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 January 2018, ALL units are occupied - 100% occupied. Rental rates are $475- $500 per month. Current avg. rental rate is $486/month.

Additional Details

Nearest MSA: Laurel
County: Jones
Percent Occupied: 100%
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
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.