Current Use by Public Records
- Land
Property Details for 109 Pearcy St
- Lot size
- 0.25 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a two-unit multifamily property ideally situated in Indianola, Mississippi, within Sunflower County. Located at 109 East Pearcy Street, this property boasts a prime location near the downtown area, offering convenient access to local amenities and services. The building encompasses a substantial 2,475 square feet, distributed across two spacious units, each occupying a floor of the two-story structure. Currently leased and generating positive cash flow, this property represents a stable income stream for the discerning investor. The generous 0.25-acre lot provides ample space and potential for future development or expansion. Each unit features large front porches, overlooking East Pearcy Street, adding to the property's curb appeal and tenant desirability. The asking price for this income-producing asset is $155,000, making it an attractive proposition in the current market. This multifamily property is classified as both commercial and residential, offering versatility and potential for various investment strategies. The property's size and location make it a compelling investment opportunity in the thriving Indianola market. The zip code is 38751.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianola
- County
- Sunflower
- State
- Mississippi
- Longitude
- -90.6493
- Latitude
- 33.4534
