925 S Theobald St - Apartments FOR SALE


Greenville, MS 38701
$499,999 USD
754-202-2419
925 S Theobald St, Greenville, MS for Sale
$499,999 USD
Apartments - FOR SALE
1/5
null | 20% Cap Rate

925 S Theobald St
Greenville, MS 38701


HIGHLIGHTS

  • 925 S Theobald Street is home to a 20-unit, two-bedroom, and one-bathroom apartment complex with separate electric, water, and sewer.
  • Nestled in the heart of Mississippi in the Vicksburg/ Central Area Submarket Opportunity Zone.
  • Fully vacant, fixer-upper REO sale presents an easy-to-manage once-ready multifamily asset in Washington County, MS.
  • Of the 10-mile demographics, approximately 48% of households are renter-occupied, and 83% are 1–2-unit buildouts.

OVERVIEW

Real Pro, Inc. is pleased to present the value-add investment opportunity at 925 S Theobald Street in Greenville, MS, to the market. The distressed and vacant asset presents an amazing REO for the right Investor! The 20-unit, two-bed, one-bath complex is ready for rehab to cater to Washington County’s prominent renter demand. 925 S Theobald Street will account for great after-repair value or cash flow should a new buyer decide to buy and hold. Current expenses are minimal, with separate electric meters, city water, and sewer. Low expenses include $750 for water, $180 for dumpsters, $533 for taxes, and $2,000 for landscaping and maintenance. Inquire today to learn more about the untapped potential yielding strong profitability at 925 S Theobald Street. There are many avenues to pursue.

FOR SALE DETAILS

PRICE

$499,999 USD

PRICE/SF

$19 USD /SF

# OF UNITS

20

PRICE/UNIT

$25,000

CAP RATE

20%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MultiFamily

APN/PARCEL ID

16735000000

ASK ABOUT THIS PROPERTY

Mary BatistaReal Pro, IncMore Info
754-202-2419

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Mary BatistaReal Pro, IncMore Info
754-202-2419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.