102 Ivy St Ellisville, MS 39437

Property Details for 102 Ivy St

Year built

1900

Lot size

0.17 lot acres

Property size

11,657 SF

Property type

Retail space

APN

077D-03-56-001.01

APU

077D035600101

Description

This exceptional Ellisville, MS property presents a lucrative investment opportunity encompassing a twelve-unit mixed-use building situated in the heart of downtown. The building comprises six residential apartments on the upper floor and six commercial units on the ground floor. Adding to its versatility, four of the ground-floor commercial units have been thoughtfully converted into apartments, each equipped with a kitchen. This adaptable design allows for flexible use, easily reverting these four units back to commercial spaces to suit evolving market demands. The property boasts a prime downtown location, offering excellent visibility and accessibility. Individual utility metering is in place, with twelve separate electrical meters and twelve water meters, simplifying management and tenant billing. Significant renovations have been undertaken, including the installation of new wiring, plumbing, and insulation, ensuring both efficiency and longevity. High-quality custom doors and windows enhance the building's aesthetic appeal and energy efficiency. Current monthly rental income ranges from $550 to $650 per unit, generating a substantial return on investment. The 12,000 square foot building sits on a 0-acre lot, providing ample space for the twelve units. This property offers a unique blend of residential and commercial potential, making it an ideal investment for those seeking a diversified portfolio with strong rental income and significant upside potential. The property's strong location and recent renovations make it a truly attractive proposition.

Location Insight

City

Ellisville

County

Jones

State

Mississippi

Longitude

-89.1964

Latitude

31.604

CBSA code

29860

CBSA name

LAUREL, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments