This is a good opportunity to invest in a true positive cash flow property. The property consists of a total of 6 units: A large duplex, 4/2 bedrooms, a small duplex, 3/2 bedrooms, a 3 bedroom house and a 3 bedroom trailer. These are all in very good condition with vinyl siding, metal or shingle roofs, and vinyl floors. They are weekly cash rentals with a lease (see docs for lease and cash flow analysis). The owner has had 100% occupancy with a waiting list. Rents are paid in cash on Friday. The owner pays most of the utilities. This property is producing $1350/week, $70,200/annual with actual expenses of less than $18,000! It all sits on 5 acres that could provide room for expansion. The new Ridgeland High School has brought sewer to the area and it could be at this property in the near future. The secret to the success of this property is the weekly cash rental. Look at the numbers, do a drive-by (please do not disturb tenants!) and call for a showing. BUYERS TO VERIFY SCHOOL ZONE.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
