*** ********* ***, ********, MS

20.52% return

SP: $44,900

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Property Description

CASH COW!!! Duplex. 2bed/1bath and 1bed/1bath. Fully occupied, long term tenants. Seperate electric, gas and water meters, tenants pay all utilities. 20%+ NET RETURN ON INVESTMENT!!! Could use some TLC but income is solid. GREAT AREA, TONS OF GROWTH AND HOME TO MAJOR EMPLOYEERS!!! Financing and property management is available!!

Property Information

Listing statusActive
Property typeMulti Family
Total units2
Total bedrooms3
Total bathrooms2
Building size1,556 sq. ft.
Lot size0.1 acres
Year built1940

County******** County
Subdivision********** *********
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingBaseboards
CoolingWindow A/C

Property Financial Summary

Sale price$44,900
Estimated rehab¹$0
Total investment$44,900

TypeActual

Gross income (annually)$13,200
Operating expenses (annually)$3,989
Net income (annually)$9,211
Gross return29.40%

Gross income (monthly)$1,100
Operating expenses (monthly)$332
Net income (monthly)$768
Net return20.52%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 1 bed / 1 bath$500/month$6,000/year
Unit 2: 2 bed / 1 bath$600/month$7,200/year
Total$1,100/month$13,200/year

Expenses

Property Taxes$66/month$789/year
Insurance$200/month$2,400/year
Maintenance reserve$67/month$800/year
Total$332/month$3,989/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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