502 Dorsett Dr Indianola, MS 38751
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.
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
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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.