Split-Plan
For Sale
$229,900
103 Carter Cove, Clinton, MS 39056
Two separate bedroom wings flank the shared living room and kitchen in this residential income property.
Property Size1,814 SF
Price / SF$126.74
Days on Market233
Property Features for 103 Carter Cove
General Information
Standard status
Active
Size
1,814 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,278
Building Details
Building Size
1,814 SF
Year Built
1998
Listing Agency:
Highland Realty
Listed By:
Brad McHann · License #B21914
(601) 906-5533
Source:
Highlandrealtyms
Added: Mar 11
Changed: Oct 27
Last Checked: Oct 27 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Highland Realty
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Investment Insights
Based on property information with market context.
This 1,814-square-foot duplex was built in 1998 and has three bedrooms and two bathrooms. Its split arrangement places the primary bedroom and private bath on one side, with two additional bedrooms and a bathroom on the other. A living room and kitchen sit between the bedroom areas.
The property is in the Cascades Subdivision on a cul-de-sac in Clinton, Mississippi.
The property is in the Cascades Subdivision on a cul-de-sac in Clinton, Mississippi.
Key Highlights
- 1,814‑square‑foot duplex built in 1998
- Three bedrooms and two bathrooms in a split‑plan layout
- Primary bedroom and bath are separate from the two‑bedroom, one‑bath wing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,924
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,480
$198.5K
Cap Rate 7%
$141,771
$141.8K
Cap Rate 9%
$110,267
$110.3K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$19.6K $10.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$18.0K $9.95/SF
− OpEx
−$8.1K −$4.48/SF
NOI
$9.9K $5.47/SF
Area
Hinds County, MS
Vacancy
7.90%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,480
Cap Rate 7%
$141,771
Cap Rate 9%
$110,267
Alternative Uses
Best Use
Apartment 5plus
$141.8K
$124.1K – $165.4K
NOI $9,924 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$12.32M
$10.78M – $14.38M
NOI $862,589 @ 7.0% cap · market cap 375.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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Business Placement
Demographics for 39056, MS
27,346
Population
11,334
Households
2.4
Avg Household Size
38
Median Age
48%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
505
Density / Sq Mi
$71,864
Median Household Income
$46,577
Median Earnings
$1,135
Median Rent
$220,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate bedroom wings flank the shared living room and kitchen in this residential income property.
Where is this multifamily property located?
The property is located at 103 Carter Cove Clinton, MS.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,814‑square‑foot duplex built in 1998; Three bedrooms and two bathrooms in a split‑plan layout; Primary bedroom and bath are separate from the two‑bedroom, one‑bath wing
