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1116 Ash Avenue 1116 Ash Ave 12 Unit Apartment Building $419,900 ($34,992/Unit) 19.04% Cap Rate Richton, MS 39476
Executive Summary
AWESOME 12 UNITS!!!
6 duplexes on one parcel. Solid Brick. 4 x 3bed/1bath, 6 x 2bed/1bath, 2 x 1bed/1bath. Separate electric, water and gas meters. Units rent for $800, $700 and $600. Nice tenants. WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!!! Landlord friendly state. Do not miss out on this opportunity.
Property management and financing is available.
6 duplexes on one parcel. Solid Brick. 4 x 3bed/1bath, 6 x 2bed/1bath, 2 x 1bed/1bath. Separate electric, water and gas meters. Units rent for $800, $700 and $600. Nice tenants. WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!!! Landlord friendly state. Do not miss out on this opportunity.
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,200
|
$10.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,200
|
$10.55
|
| Taxes |
$4,713
|
$0.48
|
| Operating Expenses |
$18,546
|
$1.90
|
| Total Expenses |
$23,259
|
$2.38
|
| Net Operating Income |
$79,941
|
$8.17
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $103,200 |
| Annual Per SF | $10.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,200 |
| Annual Per SF | $10.55 |
| Taxes | |
|---|---|
| Annual | $4,713 |
| Annual Per SF | $0.48 |
| Operating Expenses | |
|---|---|
| Annual | $18,546 |
| Annual Per SF | $1.90 |
| Total Expenses | |
|---|---|
| Annual | $23,259 |
| Annual Per SF | $2.38 |
| Net Operating Income | |
|---|---|
| Annual | $79,941 |
| Annual Per SF | $8.17 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $600.00 | - |
| 2+1 | 6 | $700.00 | - |
| 3+1 | 4 | $800.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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1116 Ash Avenue | 1116 Ash Ave
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