619 Carrollton Ave, Greenwood, MS 38930

Property Details for 619 Carrollton Ave

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of 91 single-family rental units located in Greenwood, Mississippi, across multiple properties. Priced at $1,100,000, this translates to an attractive price per unit of approximately $12,088. Currently operating at 40% occupancy, the portfolio generates approximately $13,000 in monthly income with average rents of $400 per unit. The properties are situated at various addresses within Greenwood, all within zip code 38930, and are considered a distressed asset, presenting significant upside potential for a new owner. Minimal renovations are needed to increase occupancy and rental income. The seller is motivated and offers financing options, including seller financing for 20% of the purchase price. This represents a compelling opportunity for investors seeking a substantial return on investment with a relatively low initial cash outlay. The portfolio's location in Greenwood, Leflore County, Mississippi, provides access to a stable rental market. This is a rare chance to acquire a large-scale rental portfolio at a significantly discounted price per unit, offering substantial potential for growth and profitability. Detailed property addresses and further financial information are available upon request.

Location Insight

City

Greenwood

County

Leflore

State

Mississippi

Longitude

-90.174688550393

Latitude

33.517390471651