1/13

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1/13

Cleveland, MS 38732
Asking Price
$96K
Asset Type
Multifamily
Class
Class B

What's Special

1/13 is situated in the central region of Cleveland, Mississippi, within a neighborhood defined by its proximity to Delta State University and the city’s downtown district. The property is located near Highway 61 and Highway 278, providing direct vehicle access to the surrounding Bolivar County area. Residents have walking or short-drive access to local dining, basic retail services, and municipal parks. The surrounding streetscape consists of a mix of low-density residential housing and small-scale commercial operations. As a multifamily asset, the property is suited for residential conversion or ongoing rental operations. The location favors a tenant profile consisting of university faculty, staff, or students seeking proximity to campus facilities. Additionally, the site serves the local workforce employed in Cleveland’s education, healthcare, and agricultural sectors. The layout is designed for long-term residential occupancy within a settled community environment.

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NOI
$80,000
Cap Rate
83.33%
DSCR
14.04
Strong
Cash-on-Cash
257.99%
Monthly Payment
$474.956
Annual Cash Flow
$74,300.533

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