402 Main St, Ellisville, MS 39437
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.