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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 Under Contract
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $700.00 | - |
1 1
Property Taxes
| Parcel Number | 171-33-000-03-005 | Total Assessment | $28,476 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $4,546 ($0.80/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
171-33-000-03-005
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$28,476 (2025)
Annual Taxes
$4,546 ($0.80/SF)
Tax Year
2026
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1216 Park Ave - Park Avenue Apartments
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