502 Dorsett Drive, Indianola, MS 38751 (MLS# 4055466)
502 Dorsett Drive, Indianola, MS 38751
$1,375,000
Property Type:
Res Income Multi-Fam
Bedrooms:
40
Lot Size (sq. ft.):
52,272
Status:
Active
Current Price:
$1,375,000
List Date:
8/08/2023
Last Modified:
8/19/2025
Description
This 24 Unit Apartment Complex at Oak Manor in Indianola, MS, located in the heart of the Delta, is primed
and ready to go to work for you! Each of the two buildings consist of four one bedroom units and eight two bedroom units. Recently renovated down to the studs of
each unit, this property offers all the amenities your tenants will love, from stainless steel appliances,
granite, and concrete countertops, brand new walls, tile floors, and completely new HVAC equipment. There
is no other property in this condition in the area. The demand for rental units in Indianola is extremely high,
and the quality supply is almost nonexistent. Crank this cash flow machine up and let it get to work!
More Information MLS# 4055466
Address and Location Information
Parcel Number: 119g-29-00-023
Directions to Property: Directions from the intersection of Hwy 82 and Hwy 49 Indianola, MS: Travel west on Hwy 82 for 0.3
miles, turn right onto Academy Drive, in 0.2 miles turn left onto Dorsett Drive and in 0.2 miles the
destination is on the left. Address: 502 Dorsett Drive Indianola, MS 38751
Community Of: N/A
Street Number: 502
Street Name: Dorsett
Street Suffix: Drive
County: Sunflower
State: MS
Zip Code: 38751
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Active
List Date: 2023-08-08
List Price: $1,375,000
Current Price: $1,375,000
General Property Information
New Construction: No
# of Units Included in Sale: 24
Approx Lot Size Acres: 1.2
SqFt Source: Appraiser
Year Built Source: Assessor
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Furnished: No
School District: Sunflower Cty Cons
Accessibility Features: No
Year Built: 1975
Bedrooms Total: 40
Bathrooms Full: 24
Tax and Financial Information
Tax Annual Amount: 18821
Tax Year: 2022
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: 1.2 ACC S/OF RD PT SW1/4 SW1/4 UNPLATTED LAND 29-19-04 INDIANOLA
Remarks & Miscellaneous
Public Remarks: This 24 Unit Apartment Complex at Oak Manor in Indianola, MS, located in the heart of the Delta, is primed
and ready to go to work for you! Each of the two buildings consist of four one bedroom units and eight two bedroom units. Recently renovated down to the studs of
each unit, this property offers all the amenities your tenants will love, from stainless steel appliances,
granite, and concrete countertops, brand new walls, tile floors, and completely new HVAC equipment. There
is no other property in this condition in the area. The demand for rental units in Indianola is extremely high,
and the quality supply is almost nonexistent. Crank this cash flow machine up and let it get to work!
Structure Type
Multi Family: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Conventional: 1
Waterfront Features
Waterfront: No
Showing Requirements
Showing: Appointment Required
Utilities
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Brick/Mortar: 1
Exterior Construction/Siding
Brick: 1
Roof
Metal: 1
Exterior Features
Awning(s): 1
Parking Features
Parking Lot: 1
Property Features
Structure Type: Multi Family
Levels: Two
Cooling: Central Air
Heating: Central
Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Brick/Mortar
Listing Terms: Cash; Conventional
Roof: Metal
Exterior Features: Awning(s)
Parking Features: Parking Lot
Listing Office:
Tom Smith Land & Homes
Listing Agent:
Emerson Lovelace
Last Updated: August - 19 - 2025
Broker Attribution:
[email protected]
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.