Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    581 Center Ave Philadelphia, MS 39350

    For Sale
    $499,000

    Six-unit brick building, high occupancy.

    Property size:
    4,774 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a six-unit brick apartment complex located at 581 Center, Philadelphia, Mississippi. The property boasts a substantial 11.6 acres of land and a total of 4,774 square feet of living space. Currently operating at 100% occupancy, each of the six units generates a monthly rental income of $900, resulting in a total monthly revenue of $5,400. Recent upgrades enhance the property's value and appeal to tenants. These improvements include fresh paint throughout all units, the installation of durable vinyl lock-and-fold flooring, and a new metal roof, ensuring long-term durability and reduced maintenance costs. The property's strong rental income, coupled with its recent renovations and ample land, makes it an attractive investment for both seasoned and aspiring real estate investors seeking a stable and profitable venture in a desirable location. The substantial lot size offers potential for future expansion or development, adding further value to this already impressive property. This turnkey operation requires minimal management and offers immediate cash flow. The property is offered at $499,000.

    Property Features for 581 Center Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    4,774 SF
    Lot Size
    505,252,440 SF

    Building Details

    Year Built
    1970
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Philadelphia
    County
    Neshoba
    State
    Mississippi
    Longitude
    -89.10998
    Latitude
    32.76177

    Nearby Similar for Sale

    • $140,000
      2,635 SF

      Commercial Building in Downtown Philadelphia

      Charming commercial building located in downtown Philadelphia, Mississippi.
      406 W Beacon St, Philadelphia, MS 39350
      View Details
    • $85,000
      17.00 Acres

      17 Acres on County Road

      17 acres of pine timber regrowth near Philadelphia, Mississippi.
      10671 Co Rd, Philadelphia, MS 39350
      View Details
    • $1,500,000
      2,304 SF

      Turn-Key Restaurant on 0.95 Acres

      Turn-key restaurant on 0.95 acres, high-traffic retail location.
      10040 Frog Level Rd, Philadelphia, MS
      View Details
    • $1,139,630
      1,847 SF

      NNN Retail Property For Sale

      NNN leased retail property with corporate guarantee and annual rent increases.
      1028 W Beacon St, Philadelphia, MS
      View Details
    • Contact for pricing
      4,000 SF

      Gas Station and Storefront For Sale

      Gas station and storefront office/retail with additional land available.
      502 Holland Ave, Philadelphia, MS 39350
      View Details
    • $480,000
      3,504 SF

      Prime Philadelphia Commercial Building

      Versatile space, Hwy 19 frontage, great investment.
      1034 Holland Ave, Philadelphia, MS 39350
      View Details

    FAQs

    What type of property is this?
    Residential income property - Six-unit brick building, high occupancy.
    Where is this residential income property located?
    The property is located at 581 Center Ave Philadelphia, MS.
    What is the asking price?
    The asking price for this property is $499,000.
    (601) 389-0003
    Request Owner's contact information
    581 Center Ave Philadelphia, MS 39350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    581 Center Ave
    Philadelphia, MS 39350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    581 Center Ave Philadelphia, MS 39350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.