925 Theobald St Greenville, MS 38701

This bank-owned, 20-unit apartment building presents a compelling value-add opportunity in Greenville, Mississippi. Located at 925 S Theobald St, this 7,500 square foot property sits on a 0.21-acre lot and boasts a compelling pro-forma cap rate of 39.07% and a projected NOI of $234,000. Built in 1979, the two-story Class C building is currently vacant, offering a blank canvas for renovation and repositioning. The property features separate electric meters, city water and sewer, and presents significant upside potential for the savvy investor. Priced at $599,000 ($29,950 per unit and $79.87 per square foot), this REO property is a handyman special, ideal for an investor seeking a hands-on project with substantial returns. The property's location offers convenient access to Lake Ferguson and downtown Greenville. Owner financing is available with a 20% down payment. This is a rare opportunity to acquire a multifamily asset in a desirable location at a significantly discounted price. The property's current vacant status allows for immediate implementation of a value-add strategy, maximizing rental income and overall return on investment. Don't miss this chance to capitalize on this exceptional investment opportunity.