Clarksdale, MS 38614,505 3rd Street
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Clarksdale, MS 38614,505 3rd Street
Clarksdale, MS 38614,505 3rd Street
Clarksdale, MS 38614,505 3rd Street
Clarksdale, MS 38614,505 3rd Street
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$ 675,000
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505 3rd Street Clarksdale, MS 38614

10,339 SqFt


UPDATED:

08/24/2024 04:48 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 10,339 sqft

Price per Sqft $65

MLS Listing ID 4081080

Originating Board MLS United

Year Built 1942

Annual Tax Amount $5,553

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 5000

Property Description

Welcome to Bluesville Apartment Complex, a unique investment opportunity nestled in the heart of Clarksdale, Mississippi.
Bluesville Apartment Complex features a total of 16 units, with 14 currently rented, providing immediate rental income. One unit is currently utilized as an office and has a bathroom, but no kitchen, but can easily be converted back into a residential unit, offering additional rental potential. It is also plumbed to be set up as a laundry facility as well.
Parking is behind the building and there is a pavilion in the parking lot where tenants can grill.
Each apartment in Bluesville is 500 square feet of comfortable living space designed to maximize functionality and comfort. The complex enjoys a high occupancy rate with long-term tenants, reflecting its desirability and stability. This makes it an ideal investment for those seeking a property with steady cash flow and room for growth. The current cap rate is 10.6.
Whether you're an investor looking to expand your portfolio or seeking a property with historical significance and stable returns, Bluesville is the perfect choice. Don't miss out on this exceptional opportunity. Contact you realtor today to schedule a viewing and discover why Bluesville Apartment Complex is the ideal investment for you.

Location

State MS

County Coahoma

Building

Level or Stories Two

New Construction No

Others

Tax ID 402-24035000m-0000600


MLS United(Mississippi)
Listed by Local Real Estate

Dawn Goolsby

REALTOR® | SS55063

+1(601) 624-3939

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505 3rd Street