23061 Road 262 Picayune, MS 39466
- Residential income homes
- 5.95 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 23061 Road 262
- Year built
- 1985
- Lot size
- 5.95 lot acres
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a five-unit single-family rental portfolio nestled on a sprawling 5.95-acre lot in Picayune, Mississippi. The property, located at 23061 Rd 262, boasts four existing mobile home rentals, each updated to varying degrees in 2020. The units consistently maintain high occupancy rates, providing immediate cash flow. Beyond the existing rentals, the property offers significant upside potential. Approximately 3.5 acres remain undeveloped, presenting an opportunity to expand the portfolio with an additional unit. A substantial pole building, complete with a second-story storage room, adds further value. Existing concrete slabs further facilitate potential construction projects. Built in 1985, the property benefits from recent renovations and is situated amidst picturesque oak trees. This turnkey investment is poised to deliver strong returns, offering a rare combination of immediate income and future growth potential in a desirable location. The property's substantial size and existing infrastructure make it an ideal investment for both seasoned and aspiring real estate investors seeking a high-yield, low-maintenance portfolio. The property is located in Hancock County, Mississippi, zip code 39466.
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
- Picayune
- County
- Hancock
- State
- Mississippi
- Longitude
- -89.5579
- Latitude
- 30.5129
