74 Tom Bayne St - 74-104 Tom Bayne 6 Unit Apartment Building Offered at $399,999 at a 14.31% Cap Rate West Point, MS 39773

74-104 Tom Bayne St - West Point, MS 6 Standalone Rental Homes | Strong Cash Flow | Value-Add Opportunity Rare opportunity to own a 6-unit multifamily property consisting of six individual single-family homes on one parcel. This unique setup offers strong tenant appeal with the privacy of standalone houses while providing the efficiency of multifamily ownership. The property is currently producing $3,565 per month ($42,780 annually) in gross rental income, with significant upside potential. Four units offer value-add opportunity through updates and market rent adjustments, with projected gross income potential of approximately $4,770 per month ($57,240 annually) once stabilized.
At the current asking price of $399,999, this asset offers an attractive gross return profile with built-in upside. Investors have the opportunity to increase revenue through strategic improvements while benefiting from diversified income across six separate homes.
Property Highlights:
" Six standalone residential rental units
" Strong in-place income
" Significant upside through renovations
" Diversified tenant risk across multiple homes
" Ideal for long-term buy-and-hold strategy
" Located near schools, downtown amenities, and major access routes
This property is well-positioned to meet continued rental demand in the area and offers flexibility for both seasoned investors and those looking to expand their portfolio.
Opportunities featuring multiple standalone homes on a single parcel are uncommon in this market. Explore the income potential this property offers.