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Columbus Apartments, 12-Unit CASH ONLY 1301 20th St N 12 Unit Apartment Building $360,000 ($30,000/Unit) 12.50% Cap Rate Columbus, MS 39701
INVESTMENT HIGHLIGHTS
- Most affordable apartments in the area, low vacancy.
- Excellent investment for absentee owner, national investor or owner-occupant
- In-place property management company at 10%
EXECUTIVE SUMMARY
Amazing 12-unit investment, only 2 vacant units. Renovated units are renting for $550. Don't miss this value-add opportunity to continue renovating units and increase rents. 6 units renovated, only 6 remain. CASH ONLY sale for this high performing asset, and earn income on day one. In-place property management company at 10%. Excellent investment for absentee owner, national investor or owner-occupant. No seller-financing available.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 (ACTUAL - 2024) 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
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Porch
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $450.00 | - |
1 1
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Presented by
DB Properties I LLC
Columbus Apartments, 12-Unit CASH ONLY | 1301 20th St N
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