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1024 3rd Ave N 6 Unit Apartment Building $408,500 ($68,083/Unit) Columbus, MS 39701
Executive Summary
Fully occupied 6-unit multi-family investment opportunity generating $3,435/month in rental income. This property consists of a fourplex at 1024 3rd Ave North and a duplex at 217 11th St North, all situated on one parcel.
With full occupancy, this asset provides immediate, stable cash flow for investors. Recent improvements include a new HVAC system, helping reduce future maintenance concerns and increase long-term value.
Conveniently located in Columbus with close proximity to downtown, shopping, and local amenities, this property is well-positioned for continued rental demand.
Ideal for investors looking to expand their portfolio with a performing, income-producing property.
With full occupancy, this asset provides immediate, stable cash flow for investors. Recent improvements include a new HVAC system, helping reduce future maintenance concerns and increase long-term value.
Conveniently located in Columbus with close proximity to downtown, shopping, and local amenities, this property is well-positioned for continued rental demand.
Ideal for investors looking to expand their portfolio with a performing, income-producing property.
Property Facts
| Price | $408,500 | Lot Size | 0.40 AC |
| Price Per Unit | $68,083 | Building Size | 5,503 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1840 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $408,500 |
| Price Per Unit | $68,083 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,503 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1840 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 61W10-01-13100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $33,821 |
Property Taxes
Parcel Number
61W10-01-13100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$33,821
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1024 3rd Ave N
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