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

Overview

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.

Listing Details MLS# 4045481

General Property Information

# of Units Included in Sale: 31
Approx Lot Size Acres: 3.94
Approx H/C SqFt: 28636
SqFt Source: See Remarks
List Price/SqFt: 47.14
Year Built: 1965
Year Built Source: See Remarks
Total Floors: Yes
Bedrooms Total: 63
Bathrooms Full: 33
Bathrooms Half: Yes
Furnished: No
Accessibility Features: No
New Construction: No
Bathrooms Three Quarter: 0

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

Address and Location Information

Street Number: 4507
Street Name: Highland Park
Street Suffix: Drive
County: Lauderdale
State: MS
Zip Code: 39307
Parcel Number: 071-12-3-3350-000-00100
Subdivision: Metes And Bounds
Community Of: N/A

Listing Information

Listing Service: Full Service

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

Status Change Info

Contract Date/Pending Date: 2023-04-25
Closing Date: 2023-07-21
Appraised SqFt: 28636
Sold Price/SqFt: 39.11

More Information

Waterfront Features

Waterfront: No

Showing Requirements

Showing: Appointment Required
Appointment Phone: (228) 305-0612

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.

Structure Type

Multi Family: Yes

Income & Expenses

Annual Net Income: 123300

Levels

One: Yes

Sewer

Public Sewer: Yes
See Remarks: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Utilities

See Remarks: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes

Appliances

Free-Standing Gas Range: Yes
Microwave: Yes
Refrigerator: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

See Remarks: Yes

Exterior Construction/Siding

See Remarks: Yes

Roof

See Remarks: Yes

Exterior Features

See Remarks: Yes

Parking Features

See Remarks: Yes

Community Features

Curbs: Yes
Park: Yes
Schools Nearby: Yes

Available Documents

Demographics: Yes
Leases: Yes
Marketing Package: Yes

Lease Term

12 Months: Yes

Documents

Exemption ›

Listing Office: Coldwell Banker Alfonso Realty-OS-B/O

Listing Agent: Kim R Bush

Last Updated: December - 11 - 2024

4507 Highland Park Drive, Meridian, MS 39307 (MLS# 4045481)