102 S Browder St - Multi-Family FOR SALE


Columbus, MS 39702
$519,000 USD
662-327-0123
102 S Browder St, Columbus, MS for Sale
$519,000 USD
Multi-Family - FOR SALE
1/12
null | 9.64% Cap Rate

102 S Browder St
Columbus, MS 39702


OVERVIEW

102 S Browder St - Columbus, MS - $519,000 Excellent opportunity to own an 8-unit multifamily property in Columbus, MS. This asset features eight fully occupied 1 bedroom / 1 bathroom units with strong in-place cash flow and additional upside potential. Current gross rents are $5,290 per month, with a pro forma potential of $5,560 per month. One unit remains available for renovation to fully maximize income, while all other units have been remodeled. Almost all of the HVAC systems have been replaced, significantly reducing near-term capital expenditure risk. The exterior has recently been painted, enhancing curb appeal and lowering maintenance concerns. This is a stabilized property with value-add upside through rental increases and final unit renovation. Ideal for investors seeking steady income with limited deferred maintenance. Financial Highlights:" 8 Units - 1BR/1BA" Fully Occupied" Current Gross Rent: $5,290/month" Pro Forma Gross Rent: $5,560/month" Strong occupancy history" Major mechanical updates completed Turnkey with upside -- a solid addition to any rental portfolio.

FOR SALE DETAILS

PRICE

$519,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

8

PRICE/UNIT

$64,875

CAP RATE

9.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

62W100300200

ASK ABOUT THIS PROPERTY

Tanner DolanSwoope Real Estate & Property ManagementMore Info
662-327-0123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tanner DolanSwoope Real Estate & Property ManagementMore Info
662-327-0123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.