4278 In Cleveland Cleveland, MS 38732
- Land
- 4.04 lot acres
Current Use by Public Records
- Land
Property Details for 4278 In Cleveland
- Lot size
- 4.04 lot acres
- Property type
- Land
Description
This exceptional 4.04-acre commercial land parcel in Cleveland, Mississippi, presents a compelling investment opportunity. Located at 4278 & 4280 Hwy 8 in Bolivar County, this property boasts significant highway frontage, offering excellent visibility and accessibility. Currently improved with an eight-unit apartment complex generating over $6,000 in monthly rental income, this property provides immediate cash flow. The complex consists of two fourplex buildings situated on a slab foundation. The entire 4.04-acre lot is enclosed by a privacy fence, enhancing security and creating a desirable living environment for tenants. The expansive lot size also offers significant potential for future development, allowing for expansion of the existing complex or the construction of additional commercial buildings. The property's location in a college town contributes to high demand for residential rental properties, ensuring strong occupancy rates and consistent rental income. This property is ideally suited for investors seeking a stable, income-producing asset with significant upside potential. The asking price is $489,000. The property's zip code is 38732.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bolivar
- State
- Mississippi
- Longitude
- -90.6826
- Latitude
- 33.7466
