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    100 Red Oak Dr Philadelphia, MS 39350

    Sponsored
    For Sale
    $1,100,000

    16-Unit Apartment Complex, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 16-unit apartment complex situated on a 1.5-acre lot at 100 Red Oak Drive, Philadelphia, Mississippi, 39350. The property, listed at $1,100,000, is classified as Special Purpose and boasts a strong rental history with excellent monthly income. Each of the sixteen units includes two bedrooms and one bathroom, and a commitment to consistent upkeep is evident through the refurbishment undertaken between tenant occupancy. The property's location in a developing area of Philadelphia suggests significant potential for future rental rate increases and enhanced profitability. This makes it an attractive prospect for investors seeking a stable, income-generating asset with considerable upside. The property's size and unit configuration provide a manageable scale for ownership, while the existing tenant base ensures immediate cash flow. Detailed financial records are available upon request, providing comprehensive insight into the property's performance and potential. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing Mississippi market. Don't miss this chance to secure a valuable addition to your investment portfolio.

    Property Features for 100 Red Oak Dr

    General Information

    Property type
    Specialty properties
    Lot Size
    65,340 SF

    HighLights

    • 16‑unit apartment complex on a 1.5‑acre lot in Philadelphia, MS.
    • Listed at $1,100,000, classified as Special Purpose.
    • Strong rental history with excellent monthly income; each unit features two bedrooms and one bathroom.
    • Located in a developing area with potential for rental rate increases.
    • Well‑maintained property with immediate cash flow and detailed financial records available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Oak Drive Apartment Building Oak Tree Apartments Apartment Complex

    Suggested Use

    Building Supply Pharmacy Department Store Garden Center Discount Store Furniture Store Skin Care Clinic Bakery Cosmetics Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Neshoba
    State
    Mississippi
    Longitude
    -89.1502683
    Latitude
    32.7661636

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    FAQs

    What type of property is this?
    Specialty property - 16-Unit Apartment Complex, High Returns
    Where is this specialty property located?
    The property is located at 100 Red Oak Dr Philadelphia, MS.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 16-unit apartment complex on a 1.5-acre lot in Philadelphia, MS.; Listed at $1,100,000, classified as Special Purpose.; Strong rental history with excellent monthly income; each unit features two bedrooms and one bathroom.
    Request Owner's contact information
    100 Red Oak Dr Philadelphia, MS 39350
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    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
    100 Red Oak Dr Philadelphia, MS 39350
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