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Bank Owned 9 Units Leland MS

5 Specialty Properties Offered at $559,759 CAD 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!

Taxes & Operating Expenses (Pro forma - 2025)

Annual (CAD)
Gross Rental Income $205,877
Other Income -
Vacancy Loss -
Effective Gross Income $205,877
Taxes -
Operating Expenses -
Total Expenses $11,651
Net Operating Income $194,226

Taxes & Operating Expenses (Pro forma - 2025)

Gross Rental Income (CAD)
Annual $205,877
Other Income (CAD)
Annual -
Vacancy Loss (CAD)
Annual -
Effective Gross Income (CAD)
Annual $205,877
Taxes (CAD)
Annual -
Operating Expenses (CAD)
Annual -
Total Expenses (CAD)
Annual $11,651
Net Operating Income (CAD)
Annual $194,226

Property Facts

Price $559,759 CAD
Price / SF $60.21 CAD / SF
Sale Conditions REO Sale
Cap Rate 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 Specialty 2,019 SF 1948 -
228 Tyler St, Leland, MS 38756 Specialty 2,097 SF 1999 -
309 Watwood St, Greenville, MS 38703 Specialty 1,732 SF 1953 -
643 W Walthall St, Greenville, MS 38701 Specialty 1,352 SF 1986 -
226 Tyler St, Leland, MS 38756 Specialty 2,097 SF 1999 -
Show More > < Show Less
  • Listing ID: 28145765

  • Date on Market: 2023-03-31

  • Last Updated:

  • Address: Bank Owned 9 Units Leland MS, Leland, MS

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