Remodeled
For Sale
$360,000
106 Brendalwood Ln, Brandon, MS 39047
Both residences feature updated kitchens with stainless steel appliances and quartz counters.
Property Size2,248 SF
Price / SF$160.14
Days on Market16
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Property Features for 106 Brendalwood Ln
General Information
Standard status
Active
Size
2,248 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minimal immediate updating needed
Additional Details
Multifamily Units
2
Building Details
Year Built
1990
Listing Agency:
Melissa Ellis Real Estate, LLC
Listed By:
Melissa Ellis
(601) 573-9893
Source:
Propertiesnorthms
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 14 at 11:21PM
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 Melissa Ellis Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex contains two remodeled residences with luxury vinyl flooring, upgraded lighting and fixtures, ceiling fans, and fresh interior and exterior paint. Each kitchen includes stainless steel appliances and quartz countertops, while the bathrooms also have quartz counters.
The property is at 106 Brendalwood Lane in Brandon, Mississippi, near shopping, schools, restaurants, and everyday amenities.
The property is at 106 Brendalwood Lane in Brandon, Mississippi, near shopping, schools, restaurants, and everyday amenities.
Key Highlights
- Two units with updated interior and exterior finishes
- Luxury vinyl flooring, upgraded lighting, fixtures, and ceiling fans
- Kitchens include stainless steel appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,720
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,400
$314.4K
Cap Rate 7%
$224,571
$224.6K
Cap Rate 9%
$174,667
$174.7K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$24.3K $10.80/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$22.5K $9.99/SF
− OpEx
−$6.7K −$3.00/SF
NOI
$15.7K $6.99/SF
Area
Rankin County, MS
Vacancy
7.50%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,400
Cap Rate 7%
$224,571
Cap Rate 9%
$174,667
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.5K – $262.0K
NOI $15,720 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$199.1K
$174.2K – $232.3K
NOI $13,938 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$616.6K
$539.5K – $719.4K
NOI $43,162 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 39047, MS
39,191
Population
16,706
Households
2.3
Avg Household Size
39
Median Age
45%
College-Educated
93%
High-School Grad
96.9 sq mi
ZIP Area
404
Density / Sq Mi
$93,114
Median Household Income
$52,928
Median Earnings
$1,491
Median Rent
$265,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature updated kitchens with stainless steel appliances and quartz counters.
Where is this duplex located?
The property is located at 106 Brendalwood Ln Brandon, MS.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two units with updated interior and exterior finishes; Luxury vinyl flooring, upgraded lighting, fixtures, and ceiling fans; Kitchens include stainless steel appliances and quartz countertops
