1024 3rd Ave N

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1024 3rd Ave N

Columbus, MS 39701
Asking Price
$409K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Six-unit multifamily apartment building available for purchase
  • Priced at 408500 dollars for the residential asset
  • Situated at 1024 3rd Ave N in Columbus
  • Annual tax assessment for the property totals 5526.91 dollars
  • Strategic multifamily investment within the Mississippi market

What's Special

Investors seeking to expand their portfolio will find this six-unit multifamily apartment building at 1024 3rd Ave N in Columbus, Mississippi, a practical acquisition. The property provides a steady residential rental option in a region characterized by its growing local economy and stable community base. Apartment buildings of this scale serve as a reliable foundation for long-term hold strategies or as a strategic addition to a regional residential asset collection. Positioned within the 39701 zip code, the site benefits from the established connectivity of Columbus, a city that supports a steady workforce and diversified housing demand. This asset type is well-suited for professional property management, offering potential for consistent revenue streams through the efficient oversight of its residential units. Prospective buyers should consider this entry-level multifamily investment as a straightforward path to generating returns within the Mississippi residential market.

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NOI
$80,000
Cap Rate
19.58%
DSCR
3.30
Strong
Cash-on-Cash
45.49%
Monthly Payment
$2,021.035
Annual Cash Flow
$55,747.579

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