UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $85
Subdivision Metes And Bounds
MLS Listing ID 4119769
Style Traditional
Bedrooms 10
Full Baths 4
Year Built 1965
Annual Tax Amount $691
Lot Size 6,534 Sqft
Acres 0.15
Source MLS United
Property Description
Location: Batesville, MS
Price: $275,000 total for 4 houses; prefer to sell as package
An exceptional investment opportunity awaits with this well-established portfolio of four homes in Batesville, MS. These properties are 75% occupied, generating a solid $2,800 in monthly rental income, with additional potential for increased returns up to $4,000 monthly. Located just 3 miles from the recently expanded Northwest Community College Concourse, as well as the new shopping mall and dining developments, these homes offer both strong current income and future growth potential.
Key Features:
• 4 Homes Total: All homes located close to one another, streamlining property management.
• $2,800+ Monthly Rental Income: With 75% occupancy, this package provides immediate cash flow.
• Recent Renovations: 3 of the 4 homes have been beautifully remodeled, reducing immediate maintenance costs and boosting tenant appeal and decreasing vacancy rates.
• Additional Income Potential: Upside for future rent increases or property improvements.
• Local Property Management: With in-place, reliable management, the properties are well-maintained and ready for a hands-off investor.
This investment offers stability with long-term leases in place and the added benefit of lease transferability. Leases can be transferred to new ownership, ensuring a smooth transition and uninterrupted rental income. Don't miss out on this profitable opportunity in a growing area. Whether you're a seasoned investor or new to rental properties, this is a great addition to your portfolio.
Location
State MS
County Panola
Direction From Memphis → I‑55 south → US‑278/MS‑6 east into downtown Batesville Follow city streets: Thomas → Van Voris → Pearson → Vaughn → Fisher Destination: 203 Fisher St (left side)
Interior
Heating Electric, Space Heater
Cooling Wall/Window Unit(s)
Flooring Laminate, Linoleum
Furnishings No
Appliance Electric Oven, Electric Water Heater
Exterior
Exterior Feature Awning(s), Lighting
Parking Features Attached Carport, Gravel
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Metal,Shingle
Garage No
Private Pool No
Building
Lot Description Few Trees
Foundation Conventional
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Awning(s),Lighting
New Construction No
Schools
Elementary Schools Batesville
Middle Schools Batesville Jr High
High Schools South Panola
Others
Tax ID 3183q0000100-230001400
Pets Allowed Dogs OK, Size Limit
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