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8 Duplexes 16 Units 155 Tenth St

16 Unit Apartment Building $1,372,728 CAD ($85,796 CAD/Unit) 7.50% Cap Rate Tupelo, MS 38801

Apartment Buildings Mississippi Tupelo 155 Tenth St, 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 (CAD) ANNUAL PER SF (CAD)
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 (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,372,728 CAD Building Class C
Price Per Unit $85,796 CAD Lot Size 3.10 AC
Sale Type Investment Building Size 18,000 SF
Cap Rate 7.50% Average Occupancy 100%
Gross Rent Multiplier 1.2 No. Stories 1
No. Units 16 Year Built/Renovated 1980/2012
Property Type Multifamily 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 $1,372,728 CAD
Price Per Unit $85,796 CAD
Sale Type Investment
Cap Rate 7.50%
Gross Rent Multiplier 1.2
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 3.10 AC
Building Size 18,000 SF
Average Occupancy 100%
No. Stories 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 - -
1 of 1

ZONING

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

CONTACT

  • Listing ID: 32042152

  • Date on Market: 2024-06-06

  • Last Updated:

  • Address: 155 Tenth St, Tupelo, MS 38801

The Multifamily Property at 155 Tenth St, Tupelo, MS 38801 is currently available for sale. Contact Grab the Map for more information.

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155 Tenth St, Tupelo, MS for sale Interior Photo- Image 7 of 8
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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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