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8 Duplexes 16 Units 155 Tenth St

16 Unit Block of Flats £744,405 (£46,525/Unit) 7.50% Net Initial Yield Tupelo, MS 38801

Investment Highlights

  • Quiet Street
  • Room to increase Rents

Executive Summary

16 units, end of a quiet street, 8 duplexes. Half have been renovated. Room to increase rents. Tenants pay their own water and lights. Each unit is a 2 bedroom 2 bath

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £744,405 Building Class C
Price Per Unit £46,525 Lot Size 3.10 AC
Sale Type Investment Building Size 18,000 SF
Net Initial Yield 7.50% Average Occupancy 100%
Gross Rent Multiplier 1.2 Number of Floors 1
No. Units 16 Year Built/Renovated 1980/2012
Property Type Residential Parking Ratio 0.89/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £744,405
Price Per Unit £46,525
Sale Type Investment
Net Initial Yield 7.50%
Gross Rent Multiplier 1.2
No. Units 16
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 3.10 AC
Building Size 18,000 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1980/2012
Parking Ratio 0.89/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 16 - -
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zoning

Zoning Code Multifamily Real Estate (Multifamily Real Estate)
Multifamily Real Estate (Multifamily Real Estate)
(662) 732-2066

  • Listing ID: 32042152

  • Date on Market: 06/06/2024

  • Last Updated:

  • Address: 155 Tenth St, Tupelo, MS 38801

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© 2024 CoStar Group

8 Duplexes 16 Units | 155 Tenth St
(662) 732-2066 x

8 Duplexes 16 Units | 155 Tenth St

Dr John Crutchfield

(662) 732-2066

(662) 732-2066

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