Property summary
This exceptional investment opportunity presents a 9-unit apartment building located at 224 Tyler St, Leland, MS 38756, in Washington County. The property, classified as a Class C multifamily asset, is currently 100% occupied with a mix of 2 and 3-bedroom units, each featuring one parking space. The building boasts solid brick construction with asphalt shingle roofs, central heating and air conditioning, and city water and sewer connections, minimizing maintenance needs. Currently generating… a Net Operating Income (NOI) of $71,592, resulting in an 18.13% capitalization rate, this property offers significant value-add potential. Pro-forma projections indicate a substantial increase in NOI to $137,028, leading to a 34.70% capitalization rate. The asking price is $394,900, translating to $43,878 per unit. This REO (Real Estate Owned) property is being sold in a distressed condition, presenting a unique opportunity for investors seeking high returns. The property's location in Leland, Mississippi, offers proximity to local amenities, schools, and employment centers. The seller is offering financing options. This is a prime opportunity to acquire a stable, income-generating asset with significant upside potential in a growing market. The property consists of four duplexes and one single-family home, all fully occupied by long-term tenants. Section 8 housing is anticipated to commence in January 2025, further enhancing the property's income stream. The anticipated Section 8 payments are $1,026 for a 2-bedroom unit and $1,438 for a 3-bedroom unit.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 properties in this cityComparable in this city
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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