For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

622 4Th St S Columbus, MS 39701

View on Map
Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Value-add 5-unit property with income growth potential.

Property size:
4,013 SF

Property Features for 622 4Th St S

General Information

Standard status
Active
Size
4,013 SF

Building Details

Year built
1900

We can help!

Listing Contact
Tanner Dolan
Source: Crexi

Listing Agency: SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC Listing Agent: Tanner Dolan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Multifamily Investment Opportunity

This is a 5-unit multifamily property offering a value-add investment opportunity. The property currently generates $1,940 per month, which is $23,280 annually. There are two vacant units actively marketed for $645 and $695, presenting an immediate opportunity to increase income. Once fully leased, the property is projected to produce $3,280 per month, which is $39,360 annually, in gross rental income. The property operates at approximately a 7.3 cap rate on current income with the potential to reach over a 12 cap rate at stabilized occupancy. It is ideal for investors seeking strong cash flow potential and upside through lease-up in a market with consistent rental demand. The property size is 4,013 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Columbus
County
Lowndes
State
Mississippi
Longitude
-88.428692
Latitude
33.489277

FAQs

What type of property is this?
Apartment building - Value-add 5-unit property with income growth potential.
Where is this apartment building located?
The property is located at 622 4Th St S Columbus, MS.
What are key features of this property?
This property features: - Multifamily investment: 5-unit building offered at $319,000.; - High potential cap rate: Opportunity to reach over a 12% cap rate at stabilized occupancy.; - Immediate income increase: Two vacant units actively marketed for rent, providing an immediate opportunity to increase income.
More about this property
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