4229 Martin Luther King Blvd, Moss Point, MS 39563

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$274,900 List Price
Off Market
 
Listing ID 10901448
Property Type Multi-Unit (5+)
County Jackson
Total Tax $2,396
Tax ID 2-13-95-135.000
FEMA Flood Map fema.gov/portal
Year Built 1960
   
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Trade up from imaginary Stocks and into REAL Property

This is a great, GREAT investment opportunity! Really terrific. Very rare and fantastic. Gross monthly income of $3950/mo. 100% occupancy. This fully occupied 9 unit multi-family has completed repairs and permits. Site is one 5plex and 2 duplexes. Seller is Motivated and 7 units have rents of $450/month/unit and one at $500/mo. Last unit is onsite manager. Financials available through your Realtor. Not often an opportunity like this comes up. Everyone agrees. Believe Me. Zoned C2A Main Street Business District.
Property Details
  • 9 Full Baths
  • 4100 SF
  • 0.30 Acres
  • Built in 1960
  • Renovated 2019
  • 1 Story
  • Available 6/02/2020
  • Slab Basement
  • Renovation: Water heaters are all tankless electric. Unit is a 5plex and 2 duplexes. Electric for 5plex is all one meter (included in rent). Duplexes are separately metered (tenants pay). Duplexes have central heat/air (electric) while the 5plex has window units (comb
Unit Information
Unit #1 – Bedrooms: 1, Full Baths: 1, Occupied
Interior Features
  • Ceramic Tile Flooring
  • Linoleum Flooring
  • Heat Pump
  • Other Heat Type
  • Electric Fuel
  • Central A/C
  • Wall/Window A/C
Exterior Features
  • Masonry - Concrete Block Construction
  • Masonry Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Municipal Sewer
Commercial Info
  • 10% Cap. Rate
Income/Expenses
  • Net Income $34,420
  • Legal Exp $2,396
  • Insurance Exp $3,564
  • Electric Exp $2,640
  • Water Exp $1,380
  • Paid by Landlord: Electric, Water
Taxes and Fees
  • $2,396 Total Tax
  • Tax Year 2019
Previously Listed By
Mr Micah Tinkler
Ashman-Mollere Realty Inc
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