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    315 Bolivar Ave Cleveland, MS 38732

    Sponsored
    For Sale
    $126,000

    Mississippi duplex, two units, $126k.

    Property size:
    1,496 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This two-unit apartment building in Cleveland, Mississippi presents a compelling investment opportunity. Located at 315 S Bolivar Ave, 38732, this property boasts a total of 1,496 square feet situated on a 0.17-acre lot. Each of the two units offers a comfortable one-bedroom, one-bathroom layout, currently generating a combined monthly rental income of $1,400 ($700 per unit). The asking price for this multifamily property is $126,000. This represents a strong potential return on investment for savvy buyers looking to enter the Mississippi real estate market. The property's location in Bolivar County offers convenient access to local amenities and services. The building's solid construction and consistent rental income make it an attractive option for both seasoned investors and those new to the multifamily market. The property's size and layout are ideal for generating consistent rental income, with the potential for further appreciation in value. This is a turnkey investment opportunity ready for immediate income generation. Serious inquiries are encouraged to explore this promising investment prospect further.

    Property Features for 315 Bolivar Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,496 SF
    Lot Size
    7,405 SF

    Building Details

    Units
    2

    HighLights

    • $126,000 asking price for a two‑unit apartment building.
    • Multifamily property with two units.
    • 1,496 square feet on a 0.17‑acre lot.
    • Located at 315 S Bolivar Ave, Cleveland, MS 38732.
    • Each unit generates $700 in monthly rent, totaling $1,400.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.7244205
    Latitude
    33.7397693

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    FAQs

    What type of property is this?
    Multifamily property - Mississippi duplex, two units, $126k.
    Where is this multifamily property located?
    The property is located at 315 Bolivar Ave Cleveland, MS.
    What is the asking price?
    The asking price for this property is $126,000.
    What are key features of this property?
    This property features: $126,000 asking price for a two-unit apartment building.; Multifamily property with two units.; 1,496 square feet on a 0.17-acre lot.
    Request Owner's contact information
    315 Bolivar Ave Cleveland, MS 38732
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    Cleveland, MS 38732
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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
    315 Bolivar Ave Cleveland, MS 38732
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