Portfolio of 4 houses - Batesville - Occupied and Cash Flowing!

203 Fisher St, Batesville, MS 38606

$425,000 After Repair Value -
$375,000 Asking Price -
$0 Cost of Repairs =
$50,000 Potential Profit

Property Details

Asking Price $375,000

After Repair Value $425,000

Costs of Repairs $0

Potential Profit $50,000

Living Area 2400 ft2

Property Type Multiple / Combo

Bedrooms +7

Bathrooms 4

Half Bathrooms 0

Parking 0

Listed with Agent Yes

EPI (Estimated Potential Income)

Potential Rental Income $53,400

Yearly Expenses $2,208

Property Taxes $2,554

Net Operating Income $368

Cap Rate 10%

Property Description

Investor Special: Prime Multi-Property Package with $4,040+ Monthly Rental Income
Location: Batesville, MS
Price: $375,000 for 4 occupied houses
An exceptional investment opportunity awaits with this well-established portfolio of four homes in Batesville, MS. These properties are 100% occupied, generating a solid $4,040 in monthly rental income, with additional potential for increased returns. Located just 3 miles from the recently expanded Northwest Community College Concourse, as well as the new shopping mall and dining developments, these homes offer both strong current income and future growth potential.
Key Features:
• 4 Homes Total: All homes located close to one another, streamlining property management.
• $4,040+ Monthly Rental Income: With 100% occupancy, this package provides immediate cash flow.
• Recent Renovations: 3 of the 4 homes have been beautifully remodeled, reducing immediate maintenance costs and boosting tenant appeal and decreasing vacancy rates.
• Additional Income Potential: Upside for future rent increases or property improvements.
• Local Property Management: With in-place, reliable management, the properties are well-maintained and ready for a hands-off investor.
This investment offers stability with long-term leases in place and the added benefit of lease transferability. Leases can be transferred to new ownership, ensuring a smooth transition and uninterrupted rental income.
Don\'t miss out on this profitable opportunity in a growing area. Whether you\'re a seasoned investor or new to rental properties, this is a great addition to your portfolio.

Showing Information:
• Homes are currently occupied, and showings are available by appointment only.
• 24-hour notice required for pre-approved buyers due to tenancy.
Listing Agent:
• The listing agent is also the owner of the property, ensuring transparency and direct communication throughout the process.
Don\'t miss out on this profitable opportunity in a growing area. Whether you\'re a seasoned investor or new to rental properties, this is a great addition to your portfolio.

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