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Property profile & analytics
OFF-MARKET
Land

502 Dorsett Dr Indianola, MS 38751

1.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 24-unit apartment complex situated on a 1.2-acre lot in Indianola, Mississippi, within Sunflower County. Located at 502 Dorsett Drive, zip code 38751 (33.4609167, -90.6417031), this multifamily property boasts recently completed renovations, transforming each unit from the studs up. Upgrades include brand new stainless steel appliances, granite and concrete countertops, fresh walls, tile flooring, and entirely new HVAC systems. The property's high-quality finishes are unmatched in the area, contributing to its exceptional appeal. Currently, only two of the 24 units are vacant, reflecting the strong rental demand in Indianola. This turnkey operation is primed for immediate income generation, offering a significant return on investment. The asking price for this lucrative property is $1,375,000. This property is classified as both an apartment building and for hunting/recreational use. The high demand for rental units and the scarcity of comparable properties in this condition make this a truly unique and compelling investment prospect. Don't miss this chance to acquire a thriving, renovated apartment complex in a high-demand market.

Property profile
Verified
Property type Land
Lot 1.2 ac (52,272 SF)
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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