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    581 Ctr Philadelphia, MS 39350

    For Sale
    $499,000

    Six-unit brick apartment complex, high occupancy.

    Property size:
    4,774 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a six-unit brick apartment complex located at 581 Center, Philadelphia, Mississippi, 39350. The property boasts a total of 4,774 square feet situated on a generous 10,830 square foot lot. Currently, all six units are 100% occupied, generating a stable monthly income of $5,400, with each unit rented at $900 per month. Recent renovations enhance the property's value and appeal; units feature fresh paint, durable vinyl lock-and-fold flooring, and a long-lasting metal roof. This turnkey investment is ideal for a passive income strategy, offering immediate cash flow and potential for future appreciation. The property's location in Philadelphia, Neshoba County, Mississippi provides access to local amenities and a stable rental market. The asking price for this well-maintained multifamily property is $499,000. This represents a compelling opportunity for investors seeking a strong return on investment in a desirable location. Serious inquiries are encouraged to explore this lucrative proposition further.

    Property Features for 581 Ctr

    General Information

    Property type
    Specialty properties
    Square Feet
    4,774 SF

    HighLights

    • $499,000 asking price.
    • Special purpose property.
    • 4,774 square feet.
    • 10,830 square foot lot.
    • Six‑unit brick apartment complex in Philadelphia, MS.
    • 100% occupancy at $900/month per unit ($5,400 total monthly income).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Clothing Store Pharmacy Daycare Center Building Supply Hotel & Motel Wholesale Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Neshoba
    State
    Mississippi
    Longitude
    -89.1324866
    Latitude
    32.7603148

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    FAQs

    What type of property is this?
    Specialty property - Six-unit brick apartment complex, high occupancy.
    Where is this specialty property located?
    The property is located at 581 Ctr Philadelphia, MS.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; Special purpose property.; 4,774 square feet.
    Request Owner's contact information
    581 Ctr Philadelphia, MS 39350
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    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 Ctr Philadelphia, MS 39350
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