Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 100 Red Oak Dr
- Lot size
- 1.50 lot acres
- Property type
- Specialty properties
Description
This exceptional investment opportunity presents a 16-unit apartment complex situated on a 1.5-acre lot at 100 Red Oak Drive, Philadelphia, Mississippi, 39350. The property, listed at $1,100,000, is classified as Special Purpose and boasts a strong rental history with excellent monthly income. Each of the sixteen units includes two bedrooms and one bathroom, and a commitment to consistent upkeep is evident through the refurbishment undertaken between tenant occupancy. The property's location in a developing area of Philadelphia suggests significant potential for future rental rate increases and enhanced profitability. This makes it an attractive prospect for investors seeking a stable, income-generating asset with considerable upside. The property's size and unit configuration provide a manageable scale for ownership, while the existing tenant base ensures immediate cash flow. Detailed financial records are available upon request, providing comprehensive insight into the property's performance and potential. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing Mississippi market. Don't miss this chance to secure a valuable addition to your investment portfolio.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Neshoba
- State
- Mississippi
- Longitude
- -89.1503
- Latitude
- 32.7662
