Bank Owned 9 Units Leland MS
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Bank Owned 9 Units Leland MS
5 Speciality Properties Offered at £309,764 in Multiple Locations
Investment Highlights
- Fully Occupied.
- Distress.
- Great Cash Flow.
Executive Summary
Premium Real Estate Package in Leland & Greenville, Mississippi
Discover a fantastic investment opportunity with this package of 4 DUPLEXES AND 1 SINGLE-FAMILY HOME, a total of 9 Large units!!! Separate electric and water meters, all utilities paid by the tenants!! all FULLY OCCUPIED W/ LONG TERM TENANTS.
This investment opportunity provides STABLE INCOME AND LOW OPERATING COSTS. Tons of rental demand in the area.
Section 8 housing starting January 2025, I'll be paying for a 2 bedroom $1,026, and for the 3 Bedroom $1438
Configuration:
224 Tyler St - 2 Units - 3 Bedrooms 2 Baths
226 Tyler St - 2 Units - 3 Bedrooms 2 Baths
228 Tyler St - 2 Units - 3 Bedrooms 2 Baths
643 W Walthall St - 2 Units - 2 Bedrooms 1 Baths
309 Watwood St - 1 SFR 3 Bedrooms 2 Baths
Key Features:
1. STRATEGIC LOCATION: Nestled along the Mississippi River in an Opportunity Zone in Greenville, Mississippi, this property benefits from the city's thriving economy and ongoing development. Enjoy easy access to local amenities, schools, and employment centers while capitalizing on the area's growth potential.
2. INCOME-GENERATING FROM DAY ONE: With all units fully occupied, you're stepping into a revenue-generating investment from day one. The consistent rental income ensures a steady cash flow, maximizing your return on investment.
3. SOLID CONSTRUCTION: The buildings feature durable BRICK CONSTRUCTION W/ ASPHALT SHINGLE ROOFS, CENTRAL A/C AND HEATING, as well as CITY WATER AND SEWER. These reliable structures ensure minimal maintenance and provide peace of mind for investors.
4. GROWTH POTENTIAL: As Greenville continues to grow and develop, the demand for quality housing is set to rise. This property offers a GREAT AFTER-REPAIR VALUE, positioning it for high returns as the local economy expands.
5. LOW OPERATING COSTS: The efficient infrastructure and management of these properties result in low operating costs, enhancing your profitability and ensuring a hassle-free ownership experience.
6. COMMUNITY-FOCUSED: Foster a sense of community within your investment property. Long-term tenants contribute to a positive living environment, ensuring consistent occupancy and rental income.
Don't miss out on this exceptional investment opportunity in Greenville's expanding real estate market. Secure your future with 224 Tyler St. and benefit from its promising growth potential.
SELLER FINANCING AVAILABLE.
Contact us today @ 754-732-2035 for more information and to schedule a viewing!
Discover a fantastic investment opportunity with this package of 4 DUPLEXES AND 1 SINGLE-FAMILY HOME, a total of 9 Large units!!! Separate electric and water meters, all utilities paid by the tenants!! all FULLY OCCUPIED W/ LONG TERM TENANTS.
This investment opportunity provides STABLE INCOME AND LOW OPERATING COSTS. Tons of rental demand in the area.
Section 8 housing starting January 2025, I'll be paying for a 2 bedroom $1,026, and for the 3 Bedroom $1438
Configuration:
224 Tyler St - 2 Units - 3 Bedrooms 2 Baths
226 Tyler St - 2 Units - 3 Bedrooms 2 Baths
228 Tyler St - 2 Units - 3 Bedrooms 2 Baths
643 W Walthall St - 2 Units - 2 Bedrooms 1 Baths
309 Watwood St - 1 SFR 3 Bedrooms 2 Baths
Key Features:
1. STRATEGIC LOCATION: Nestled along the Mississippi River in an Opportunity Zone in Greenville, Mississippi, this property benefits from the city's thriving economy and ongoing development. Enjoy easy access to local amenities, schools, and employment centers while capitalizing on the area's growth potential.
2. INCOME-GENERATING FROM DAY ONE: With all units fully occupied, you're stepping into a revenue-generating investment from day one. The consistent rental income ensures a steady cash flow, maximizing your return on investment.
3. SOLID CONSTRUCTION: The buildings feature durable BRICK CONSTRUCTION W/ ASPHALT SHINGLE ROOFS, CENTRAL A/C AND HEATING, as well as CITY WATER AND SEWER. These reliable structures ensure minimal maintenance and provide peace of mind for investors.
4. GROWTH POTENTIAL: As Greenville continues to grow and develop, the demand for quality housing is set to rise. This property offers a GREAT AFTER-REPAIR VALUE, positioning it for high returns as the local economy expands.
5. LOW OPERATING COSTS: The efficient infrastructure and management of these properties result in low operating costs, enhancing your profitability and ensuring a hassle-free ownership experience.
6. COMMUNITY-FOCUSED: Foster a sense of community within your investment property. Long-term tenants contribute to a positive living environment, ensuring consistent occupancy and rental income.
Don't miss out on this exceptional investment opportunity in Greenville's expanding real estate market. Secure your future with 224 Tyler St. and benefit from its promising growth potential.
SELLER FINANCING AVAILABLE.
Contact us today @ 754-732-2035 for more information and to schedule a viewing!
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
£113,934
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£113,934
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
£6,448
|
| Net Operating Income |
£107,486
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £113,934 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £113,934 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | £6,448 |
| Net Operating Income | |
|---|---|
| Annual | £107,486 |
Property Facts
| Price | £309,764 | Status | Active |
| Price / SF | £33.32 / SF | Number of Properties | 5 |
| Sale Conditions | REO Sale | Individually For Sale | 0 |
| Net Initial Yield | 25% | Total Building Size | 9,297 SF |
| Sale Type | Investment | Total Land Area | 1.82 AC |
| Price | £309,764 |
| Price / SF | £33.32 / SF |
| Sale Conditions | REO Sale |
| Net Initial Yield | 25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 9,297 SF |
| Total Land Area | 1.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 224 Tyler St, Leland, MS 38756 | Speciality | 2,019 SF | 1948 | - |
| 226 Tyler St, Leland, MS 38756 | Speciality | 2,097 SF | 1999 | - |
| 228 Tyler St, Leland, MS 38756 | Speciality | 2,097 SF | 1999 | - |
| 309 Watwood St, Greenville, MS 38703 | Speciality | 1,732 SF | 1953 | - |
| 643 W Walthall St, Greenville, MS 38701 | Speciality | 1,352 SF | 1986 | - |
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Bank Owned 9 Units Leland MS
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