0.23 Acre Residential Lot in Bolivar County at 609 Lane Str

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0.23 Acre Residential Lot in Bolivar County at 609 Lane Str

Cleveland, MS 38732
Asking Price
$30K
Asset Type
Land
Class
Class B

What's Special

Located at 609 Lane Street in Cleveland, Mississippi, this 0.23-acre residential lot is situated within an established neighborhood in Bolivar County. The property is positioned near the heart of Cleveland, providing proximity to local schools, municipal services, and the retail corridor along Highway 61. The surrounding area features a mix of single-family residences and modest local businesses. Transportation access is primary via local surface streets, which connect the neighborhood to the broader regional road network across the Mississippi Delta. The site is suited for the development of a single-family residence, consistent with the established residential character of Lane Street. An ideal owner-occupant or developer would be one seeking a cleared, infill lot with access to existing municipal utilities. The property’s dimensions and flat topography support standard residential building footprints. Potential tenants for a finished improvement at this location would likely include local residents seeking proximity to Cleveland’s primary employment hubs and educational institutions like Delta State University.

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NOI
$80,000
Cap Rate
266.67%
DSCR
44.92
Strong
Cash-on-Cash
869.10%
Monthly Payment
$148.424
Annual Cash Flow
$78,218.916

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