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103 Creek Bend St 8 Unit Apartment Building $560,000 ($70,000/Unit) 9.45% Cap Rate Natchez, MS 39120
Investment Highlights
- High demand rental area.
Executive Summary
Great Investment opportunity in Natchez, MS. Each unit has 2 bedrooms and 1.5 bathrooms. All eight units are approximately 1100 sq. ft. Each unit also has its own private fenced-in patio area and in-unit washer and dryer hookups. Six units were renovated in the last 2 years. We are currently renting below market value so there is plenty of potential for income growth.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $560,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 9.45% | Building Size | 9,476 SF |
| Gross Rent Multiplier | 7.66 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Residential | ||
| Price | $560,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 9.45% |
| Gross Rent Multiplier | 7.66 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 9,476 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | R-3 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Pantry
- Patio
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $800.00 | 1,100 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0073-0001-0002L | Total Assessment | $29,163 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
0073-0001-0002L
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$29,163
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
103 Creek Bend St