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1216 Park Ave - Park Avenue Apartments 12 Unit Apartment Building Offered at $399,900 at a 16.63% Cap Rate Columbia, MS 39429
EXECUTIVE SUMMARY
AWESOME COMPLEX!!!!
3 Quads on one parcel. 12 units x 2bed/1bath units. Brick Construction, Separate Electric Meters, Central Heat And Air, City Water And Sewer. Excellent Construction Quality. WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $80k IN VALUE ADD!!! Sold at a discount. Landlord friendly state. LOW EXPENSES!!!! Do not miss out on this amazing opportunity.
Financing and property management is available!!!!
3 Quads on one parcel. 12 units x 2bed/1bath units. Brick Construction, Separate Electric Meters, Central Heat And Air, City Water And Sewer. Excellent Construction Quality. WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $80k IN VALUE ADD!!! Sold at a discount. Landlord friendly state. LOW EXPENSES!!!! Do not miss out on this amazing opportunity.
Financing and property management is available!!!!
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$100,800
|
$17.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,800
|
$17.65
|
| Taxes |
$4,546
|
$0.80
|
| Operating Expenses |
$26,428
|
$4.63
|
| Total Expenses |
$30,974
|
$5.42
|
| Net Operating Income |
$69,826
|
$12.22
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $17.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $17.65 |
| Taxes | |
|---|---|
| Annual | $4,546 |
| Annual Per SF | $0.80 |
| Operating Expenses | |
|---|---|
| Annual | $26,428 |
| Annual Per SF | $4.63 |
| Total Expenses | |
|---|---|
| Annual | $30,974 |
| Annual Per SF | $5.42 |
| Net Operating Income | |
|---|---|
| Annual | $69,826 |
| Annual Per SF | $12.22 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $700.00 | - |
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1216 Park Ave - Park Avenue Apartments
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