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817 College St - 817 College 6 Unit Apartment Building Offered at $379,000 at a 9.23% Cap Rate Columbus, MS 39701
Investment Highlights
- Close to downtown and campus
Executive Summary
Excellent investment opportunity at 817 College Street in Columbus, MS! This 6-unit multifamily property is offered at $379,000 and is currently generating $3,655 per month in gross rental income. The property consists of six income-producing units with strong occupancy history and consistent cash flow. With current annual gross rents of $43,860, this asset offers immediate income from day one with additional upside potential through rental increases and continued management improvements.
Excellent investment opportunity at 817 College Street in
Located in an established area of Columbus, the property provides convenient access to downtown amenities, Mississippi University for Women, local employment centers, shopping, and dining. The strong rental demand in this corridor makes this an attractive option for both seasoned investors and those looking to expand their portfolio.
Whether you are seeking a stable cash-flowing asset or a value-add opportunity in a growing rental market, 817 College Street delivers solid fundamentals at an attractive price point.
Excellent investment opportunity at 817 College Street in
Located in an established area of Columbus, the property provides convenient access to downtown amenities, Mississippi University for Women, local employment centers, shopping, and dining. The strong rental demand in this corridor makes this an attractive option for both seasoned investors and those looking to expand their portfolio.
Whether you are seeking a stable cash-flowing asset or a value-add opportunity in a growing rental market, 817 College Street delivers solid fundamentals at an attractive price point.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,860
|
$11.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,860
|
$11.92
|
| Taxes |
$2,186
|
$0.59
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,186
|
$0.59
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $43,860 |
| Annual Per SF | $11.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,860 |
| Annual Per SF | $11.92 |
| Taxes | |
|---|---|
| Annual | $2,186 |
| Annual Per SF | $0.59 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,186 |
| Annual Per SF | $0.59 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $379,000 | Property Type | |
| Price Per Unit | $63,167 | Building Size | 3,678 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 9.23% | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1935/2024 |
| Price | $379,000 |
| Price Per Unit | $63,167 |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| No. Units | 6 |
| Property Type | |
| Building Size | 3,678 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2024 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Freezer
- Vinyl Flooring
Site Amenities
- Private Bathroom
- Fiber Optic Internet
1 1
Walk Score®
Very Walkable (77)
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The Ridge Apartments
817 College St - 817 College
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