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110 57th Ave 110 57th Ave 2 Unit Apartment Building $64,900 ($32,450/Unit) 19.18% Cap Rate Meridian, MS 39307
Executive Summary
CASH COW!!!
Cheap duplex. Each unit is 2bed/1bath. Decent condition. Low maintenance. Seperate electric meters. Minor cosmetic repairs are needed. Units will rent at $850 each side. PROPERTY WILL GENERATE an 19%+ NET RETURN!!! $40k IN VALUE ADD!!!! Meridian, MS is home to the Naval Air Station and has strong rental demand.
Do not miss out on this amazing opportunity!!!
Cheap duplex. Each unit is 2bed/1bath. Decent condition. Low maintenance. Seperate electric meters. Minor cosmetic repairs are needed. Units will rent at $850 each side. PROPERTY WILL GENERATE an 19%+ NET RETURN!!! $40k IN VALUE ADD!!!! Meridian, MS is home to the Naval Air Station and has strong rental demand.
Do not miss out on this amazing opportunity!!!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$20,400
|
$11.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,400
|
$11.07
|
| Taxes |
$839
|
$0.46
|
| Operating Expenses |
$3,394
|
$1.84
|
| Total Expenses |
$4,233
|
$2.30
|
| Net Operating Income |
$16,167
|
$8.77
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $11.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $11.07 |
| Taxes | |
|---|---|
| Annual | $839 |
| Annual Per SF | $0.46 |
| Operating Expenses | |
|---|---|
| Annual | $3,394 |
| Annual Per SF | $1.84 |
| Total Expenses | |
|---|---|
| Annual | $4,233 |
| Annual Per SF | $2.30 |
| Net Operating Income | |
|---|---|
| Annual | $16,167 |
| Annual Per SF | $8.77 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $850.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 076-14-4-3130-005-02100 | Total Assessment | $4,755 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $839 ($0.46/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
076-14-4-3130-005-02100
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$4,755 (2025)
Annual Taxes
$839 ($0.46/SF)
Tax Year
2026
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