581 Center Ave Philadelphia, MS 39350
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.