4507 Highland Park Drive, Meridian, MS 39307 (MLS# 4045481)
4507 Highland Park Drive, Meridian, MS 39307
$1,120,000
Property Type:
Res Income Multi-Fam
Bedrooms:
63
Square Footage:
28,636
Lot Size (sq. ft.):
171,626
Status:
Closed
Current Price:
$1,350,000
List Date:
4/21/2023
Last Modified:
12/11/2024
Description
This is a portfolio comprised of 31 residential dwellings situated in Meridian, Mississippi. It includes 13 single-family houses and 7 multi-plex units, presenting a valuable opportunity for wise investment. The properties are conveniently located within the Meridian city limits, all within a 5-mile radius of each other and in close proximity to various amenities such as industries, community colleges, hospitals, shopping centers, parks, schools, and government offices. Additionally, the neighborhoods are clean and well-maintained, with dependable tenants and efficient property management staff already in place. As a result, this investment provides an instant cash flow with the
potential for growth. Call NOW for more information on this investment portfolio.
More Information MLS# 4045481
Address and Location Information
Parcel Number: 071-12-3-3350-000-00100
Community Of: N/A
Street Number: 4507
Street Name: Highland Park
Street Suffix: Drive
County: Lauderdale
State: MS
Zip Code: 39307
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2023-04-21
List Price: $1,350,000
Current Price: $1,120,000
General Property Information
New Construction: No
# of Units Included in Sale: 31
Approx Lot Size Acres: 3.94
SqFt Source: See Remarks
List Price/SqFt: 47.14
Year Built Source: See Remarks
Total Floors: 1
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: No
Approx H/C SqFt: 28636
Year Built: 1965
Bedrooms Total: 63
Bathrooms Full: 33
Tax and Financial Information
Tax Annual Amount: 21632.53
Tax Year: 2022
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Annual Home Insurance: 13337.61
Leasehold Y/N: Yes
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: Multiple Listings. See Remarks
Remarks & Miscellaneous
Public Remarks: This is a portfolio comprised of 31 residential dwellings situated in Meridian, Mississippi. It includes 13 single-family houses and 7 multi-plex units, presenting a valuable opportunity for wise investment. The properties are conveniently located within the Meridian city limits, all within a 5-mile radius of each other and in close proximity to various amenities such as industries, community colleges, hospitals, shopping centers, parks, schools, and government offices. Additionally, the neighborhoods are clean and well-maintained, with dependable tenants and efficient property management staff already in place. As a result, this investment provides an instant cash flow with the
potential for growth. Call NOW for more information on this investment portfolio.
Status Change Info
Appraised SqFt: 28636
Sold Price/SqFt: 39.11
Contract Date/Pending Date: 2023-04-25
Closing Date: 2023-07-21
Structure Type
Multi Family: 1
Income & Expenses
Annual Net Income: 123300
Levels
One: 1
Sewer
Public Sewer: 1
See Remarks: 1
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Owner May Carry: 1
Waterfront Features
Waterfront: No
Showing Requirements
Showing: Appointment Required
Appointment Phone: (228) 305-0612
Utilities
See Remarks: 1
Owner Pays
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Appliances
Free-Standing Gas Range: 1
Microwave: 1
Refrigerator: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
See Remarks: 1
Exterior Construction/Siding
See Remarks: 1
Roof
See Remarks: 1
Exterior Features
See Remarks: 1
Parking Features
See Remarks: 1
Community Features
Curbs: 1
Park: 1
Schools Nearby: 1
Available Documents
Demographics: 1
Leases: 1
Marketing Package: 1
Lease Term
12 Months: 1
Property Features
Structure Type: Multi Family
Levels: One
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Taxes; Trash Collection; Water
Tenant Pays: Electricity
Appliances: Free-Standing Gas Range; Microwave; Refrigerator
Cooling: Central Air
Heating: Central
Utilities: See Remarks
Sewer: Public Sewer; See Remarks
Water Source: Public
Foundation Details: See Remarks
Listing Terms: 1031 Exchange; Cash; Conventional; Owner May Carry
Roof: See Remarks
Exterior Features: See Remarks
Parking Features: See Remarks
Community Features: Curbs; Park; Schools Nearby
Lease Term: 12 Months
Available Documents: Demographics; Leases; Marketing Package
Documents
Exemption ›
Listing Office:
Coldwell Banker Alfonso Realty-OS-B/O
Listing Agent:
Kim R Bush
Last Updated: December - 11 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.