120 Oakhurst Avenue, Clarksdale, MS

19.69% return

SP: $194,900

Video Photos Street View Map

The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.

Property Description

***BLOWOUT PRICING*** EASY INVESTMENT!!!

Total of 6 units. House and Triplex in the front, Duplex in the back. Completely turnkey. New metal roofs. Tons of work done recently. Fully occupied. Very nice property. NOW SELLING AT A 18% NET RETURN ON INVESTMENT!!! Only an hour and a half away from Memphis, TN. Do not miss out on this opportunity.

Property management and financing is available!!!!

Property Information

Listing statusSold
Property typeMulti Family
Total units6
Total bedrooms12
Total bathrooms6
Building size6081 sq. ft.
Lot size0.3 acres
Year built1920 - 1940

CountyCoahoma County
Subdivision
ConstructionFrame
RoofMetal
Water sourceCity water
Water disposalSewer
HeatingGas
CoolingWall A/C

Property Financial Summary

Sale price$194,900
Estimated rehab¹$0
Total investment$194,900

TypeActual

Gross income (annually)$50,760
Operating expenses (annually)$12,390
Net income (annually)$38,370
Gross return26.04%

Gross income (monthly)$4,230
Operating expenses (monthly)$1,033
Net income (monthly)$3,197
Net return19.69%

Property Income & ExpensesMonthlyAnnual

Income

Duplex
Unit 4: 1 bed / 1 bath$475/month$5,700/year
Unit 5: 3 bed / 1 bath$850/month$10,200/year
House
Unit House: 2 bed / 1 bath$615/month$7,380/year
Triplex
Unit 1: 1 bed / 1 bath$775/month$9,300/year
Unit 2: 2 bed / 1 bath$665/month$7,980/year
Unit 3: 3 bed / 1 bath$850/month$10,200/year
Total$4,230/month$50,760/year

Expenses

Property Taxes$199/month$2,390/year
Insurance$167/month$2,000/year
Lawn care$67/month$800/year
Water and Sewer$135/month$1,620/year
Electric, Water and Sewer$215/month$2,580/year
Maintenance reserve$250/month$3,000/year
Total$1,033/month$12,390/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.