74 Tom Bayne St - Multi-Family FOR SALE


West Point, MS 39773
$399,999 USD
662-327-0123
74 Tom Bayne St, West Point, MS for Sale
$399,999 USD
Multi-Family - FOR SALE
1/11
null | 14.31% Cap Rate

74 Tom Bayne St
West Point, MS 39773


OVERVIEW

74-104 Tom Bayne St - West Point, MS 6 Standalone Rental Homes | Strong Cash Flow | Value-Add Opportunity Rare opportunity to own a 6-unit multifamily property consisting of six individual single-family homes on one parcel. This unique setup offers strong tenant appeal with the privacy of standalone houses while providing the efficiency of multifamily ownership. The property is currently producing $3,565 per month ($42,780 annually) in gross rental income, with significant upside potential. Four units offer value-add opportunity through updates and market rent adjustments, with projected gross income potential of approximately $4,770 per month ($57,240 annually) once stabilized. At the current asking price of $399,999, this asset offers an attractive gross return profile with built-in upside. Investors have the opportunity to increase revenue through strategic improvements while benefiting from diversified income across six separate homes. Property Highlights: " Six standalone residential rental units " Strong in-place income " Significant upside through renovations " Diversified tenant risk across multiple homes " Ideal for long-term buy-and-hold strategy " Located near schools, downtown amenities, and major access routes This property is well-positioned to meet continued rental demand in the area and offers flexibility for both seasoned investors and those looking to expand their portfolio. Opportunities featuring multiple standalone homes on a single parcel are uncommon in this market. Explore the income potential this property offers.

FOR SALE DETAILS

PRICE

$399,999 USD

PRICE/SF

$85 USD /SF

# OF UNITS

6

PRICE/UNIT

$66,667

CAP RATE

14.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

74-104 Tom Bayne

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

083C314D 0240000

ASK ABOUT THIS PROPERTY

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

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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.