102 S Browder St 8 Unit Apartment Building Offered at $519,000 at a 9.64% Cap Rate Columbus, MS 39702

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.