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    OFF-MARKET
    Dormitories

    402 Main St, Ellisville, MS 39437

    3,550 SF 0.5 ac lot Built 1910
    Property ID
    US50-0474322
    Property summary
    AI-generated overview

    This stunning 1910 historical home, located in Ellisville, Mississippi, presents a unique investment opportunity. Situated on a half-acre lot at 402 Main St, this 3,550 square foot, two-story property boasts four bedrooms and has undergone extensive renovations within the last 6-8 months. The property is zoned for the South Jones School District, making it ideally suited for student housing, but also presents potential as a bed and breakfast or Airbnb. Its prime location in a college town with a strong industrial base creates high demand for rental properties and short-term accommodations. The home retains its original character while incorporating modern updates, a blend perfectly suited for discerning tenants or guests. The asking price is $399,000, translating to $112.39 per square foot. Detailed renovation records are available upon request. This property offers a compelling blend of historical charm and modern functionality, promising strong rental income and significant return on investment. The property is agent-owned. Don't miss this chance to own a piece of Ellisville history.

    Property profile
    Verified
    Property type Dormitories
    Year built 1910
    Total area 3,550 SF
    Lot 0.5 ac (21,780 SF)
    UPID US50-0474322
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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