43 Smith Rd Cleveland, MS 38732

This exceptional investment opportunity presents a seven-unit apartment complex ideally situated in Cleveland, Mississippi, within Bolivar County. The property, located at 43 Smith Rd, 38732, encompasses a 0.77-acre lot and features a unique mix of housing options: a four-plex and three individual single-family homes. Each unit offers a desirable one-bedroom, one-bathroom layout, catering to a high-demand market segment. With a potential annual income exceeding $58,000 at full occupancy, this property offers significant return potential. Annual operating expenses are manageable, with property taxes totaling $3,878 and insurance premiums at $1,800 annually. The complex benefits from a recently installed septic system, ensuring efficient and reliable operation. The smaller, more private units provide a secluded living experience, appealing to tenants seeking a quiet and comfortable environment. The strategic location and the high desirability of one-bedroom units in this market make this a compelling investment opportunity. This property is priced at $385,000.