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624 4th St S 5 Unit Apartment Building $339,000 ($67,800/Unit) 10.53% Cap Rate Columbus, MS 39701
Executive Summary
Income-producing 5-unit multifamily property at 624 4th St South in Columbus generating $2,975 in monthly income ($35,700 annually). Priced at $339,000, this property offers a solid investment opportunity with immediate cash flow and room for long-term appreciation. Convenient location near downtown, shopping, and employment centers supports strong rental demand. A great addition to any investor's portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$1,789
|
$0.60
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,789
|
$0.60
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $1,789 |
| Annual Per SF | $0.60 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,789 |
| Annual Per SF | $0.60 |
Property Facts
| Price | $339,000 | Building Class | C |
| Price Per Unit | $67,800 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 10.53% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2025 |
| Property Subtype | Apartment |
| Price | $339,000 |
| Price Per Unit | $67,800 |
| Sale Type | Investment |
| Cap Rate | 10.53% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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Property Taxes
| Parcel Number | 61W16-01-10000 | Total Assessment | $10,949 |
| Land Assessment | $0 | Annual Taxes | $1,789 ($0.60/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
61W16-01-10000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,949
Annual Taxes
$1,789 ($0.60/SF)
Tax Year
2025
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Presented by
The Ridge Apartments
624 4th St S
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