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    11980 Road 149 Philadelphia, MS 39350

    For Sale
    $469,000

    Five Cottages on 4.1 Acres in Philadelphia, MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents five single-family homes situated on a spacious 4.1-acre lot in Philadelphia, Mississippi. Each of the five cottages boasts 864 square feet of living space, featuring two bedrooms and one bathroom. All units include central heating and air conditioning, and are equipped with modern stainless steel appliances. The interior finishes are durable and low-maintenance, with stained concrete flooring and sheetrock walls. Currently, all five units are leased at $900 per month, with the owner covering water expenses (approximately $20 per unit). The property is conveniently located within the Neshoba Central School District. A significant advantage is the zero exterior maintenance required for these cottages, minimizing upkeep and maximizing return on investment. Furthermore, the property includes four additional prepared building pads, presenting a substantial opportunity for future expansion and increased revenue potential. This turnkey investment offers a strong cash flow with significant upside, making it an ideal long-term investment opportunity. The asking price for this multifamily property is $469,000. This property is located at 11980 Road 149, Philadelphia, MS 39350.

    Property Features for 11980 Road 149

    General Information

    Property type
    Specialty properties

    HighLights

    • Five single‑family homes on a 4.1‑acre lot in Philadelphia, MS.
    • Each cottage offers 864 sq ft, 2 bedrooms, 1 bath, central HVAC, and stainless steel appliances.
    • All units are leased at $900/month, with owner paying water.
    • Zero exterior maintenance, durable interiors (stained concrete, sheetrock).
    • Located in the Neshoba Central School District.
    • Four additional prepared building pads for future expansion.
    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 - Five Cottages on 4.1 Acres in Philadelphia, MS
    Where is this specialty property located?
    The property is located at 11980 Road 149 Philadelphia, MS.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: Five single-family homes on a 4.1-acre lot in Philadelphia, MS.; Each cottage offers 864 sq ft, 2 bedrooms, 1 bath, central HVAC, and stainless steel appliances.; All units are leased at $900/month, with owner paying water.
    Request Owner's contact information
    11980 Road 149 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
    11980 Road 149 Philadelphia, MS 39350
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