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Property profile & analytics
OFF-MARKET
Commercial real estate

500 Avery St Cleveland, MS 38732

1,320 SF 0.12 ac lot
Property ID
US50-1577232
Property summary
AI-generated overview

This charming two-unit apartment building in Cleveland, Mississippi presents a fantastic investment opportunity. Located at 500 Avery Street, this property boasts a total of 1,320 square feet situated on a 0.12-acre lot. The building comprises two identical one-bedroom, one-bathroom units, each currently renting for $700 per month, generating a combined monthly income of $1,400. Both units feature attractive hardwood floors. The property is classified as both retail and multifamily, offering versatility and potential for future development. The asking price is $132,000, making this a compelling proposition for investors seeking a strong return on investment in a stable market. The property's location in Bolivar County, Mississippi, provides easy access to local amenities and services. This duplex represents a turnkey investment, ideal for adding to an existing portfolio or for first-time investors seeking a profitable rental property. The property's strong rental history and attractive features make it a highly desirable investment opportunity. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Total area 1,320 SF
Lot 0.12 ac (5,227 SF)
UPID US50-1577232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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