16
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$3,680,000
Est. payment /mo
33,954 SqFt
Active
5069 N Raymond Ave. Verona, MS 38879
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 33,954 sqft
Price per Sqft $108
MLS Listing ID 26-1171
HOA Y/N No
Annual Tax Amount $4,590,335
Lot Size 6 Sqft
Acres 6.0
Property Sub-Type Commercial Property
Source Northeast Mississippi Board of REALTORS®
Land Area 33954
Property Description
Rare opportunity to acquire a 31-property investment package consisting of the Red Bud & Old Oak Portfolio along w/additional income producing commercial building located at 5069 N Raymond St. The residential portfolio includes 30 single-family homes comprised primarily of newer construction 2-bedroom, 2-bath properties along with a mix of one-bedroom units, a three-bedroom home, and two efficiency-style properties. Many of the homes have been built within the last 10 years and feature durable construction including brick exteriors and metal roofs. The properties offer strong in-place income with additional upside potential through rent increases to market levels. Utilities are primarily tenant paid providing operational efficiency for ownership.
Location
State MS
County Lee
Area 6.0
Direction S. Gloster St. which becomes Raymond Ave. heading south. Business is at corner of Raymond Ave. and Red Bud Lane.
Interior
Fireplace No
Exterior
Garage No
Building
New Construction No
Listed byeXp Realty LLC
NEARBY SCHOOL & BUSINESS
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