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801 Goodwater Road, Magee, MS 39111 (MLS# 4153557)

801 Goodwater Road, Magee, MS 39111

New Listing
$334,900
Property Type: Res Income Multi-Fam Bedrooms: 7 Square Footage: 4,170 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $334,900 List Date: 6/22/2026 Last Modified: 6/22/2026

Overview

Description

Exceptional investment opportunity in Magee, Mississippi! This income-producing property features a well-maintained apartment complex consisting of four (4) one-bedroom units and one (1) two-bedroom unit, along with an additional single-wide mobile home, providing a diversified rental income stream. Currently generating approximately $3,900 per month ($46,800 annually) in gross rental income, this property offers immediate cash flow and strong long-term investment potential.The apartment units feature low-maintenance brick construction with a durable metal roof, while the included mobile home adds additional income and flexibility. Situated on a spacious lot with mature shade trees and ample parking, the property is conveniently located near local schools, shopping, and employment centers.With full occupancy potential, multiple income sources, and limited multifamily inventory in the Magee market, this property presents an outstanding opportunity for investors seeking stable returns, p ...

Listing Details MLS# 4153557

General Property Information

# of Units Included in Sale
6
Approx Lot Size Acres
0.26
Approx H/C SqFt
4170
SqFt Source
Public Records
List Price/SqFt
80.31
Year Built Known
Yes
Year Built
1970
Year Built Source
Public Records
Total Floors
Yes
Bedrooms Total
7
Bathrooms Full
6
Furnished
No
School District
Simpson CO Dist
Elementary School
Magee
Middle or Junior School
Magee
High School
Magee
Accessibility Features
No
New Construction
No
Bathrooms Half
0
Bathrooms Three Quarter
0

Property Features

Structure Type: Multi Family Levels: One Cooling: Central Air Heating: Central Utilities: Electricity Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional Roof: Metal Exterior Features: None Parking Features: Paved Community Features: Other Waterfront Features: None Approx Age Code: Older Home 25+ Years Parking Spaces: 1 Space Unit

Address and Location Information

Street Number
801
Street Name
Goodwater
Street Suffix
Road
County
Simpson
State
MS
Zip Code
39111
Parcel Number
4-057q-00-02200-003-08400
PPIN
007808
Subdivision
Metes And Bounds
Community Of
N/A

Listing Information

Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
5044
Tax Year
2025
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
PT S1/2 NW1/4 SW1/4 N OF GOODWATER RD UNPLATTED LAND SEC 36-1-5 DB 672-80 79 CB 971-619 95 (additional parcel with legal desc as PT S 1/2 NW 1/4 SW 1/4 N of Goodwater Rd SEC 36-1-5 DB 1013-68 97

Parking Features

Parking Total
6
Paved
Yes

More Information

Showing Requirements

Showing
Appointment Required

Unit 1

Full Baths
Yes

Unit 2

Full Baths
Yes

Unit 3

Full Baths
Yes

Unit 4

Full Baths
Yes

Unit 5

Full Baths
Yes

Unit 6

Full Baths
Yes

Remarks & Miscellaneous

Public Remarks
Exceptional investment opportunity in Magee, Mississippi! This income-producing property features a well-maintained apartment complex consisting of four (4) one-bedroom units and one (1) two-bedroom unit, along with an additional single-wide mobile home, providing a diversified rental income stream. Currently generating approximately $3,900 per month ($46,800 annually) in gross rental income, this property offers immediate cash flow and strong long-term investment potential.The apartment units feature low-maintenance brick construction with a durable metal roof, while the included mobile home adds additional income and flexibility. Situated on a spacious lot with mature shade trees and ample parking, the property is conveniently located near local schools, shopping, and employment centers.With full occupancy potential, multiple income sources, and limited multifamily inventory in the Magee market, this property presents an outstanding opportunity for investors seeking stable returns, portfolio growth, and long-term appreciation. Whether you're a seasoned investor or looking to expand your rental holdings, this turnkey income-producing property is one you won't want to miss.Shown by appointment only. Tenant rights apply.

Structure Type

Multi Family
Yes

Levels

One
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Waterfront Features

None
Yes

Utilities

Electricity Connected
Yes
Water Connected
Yes

Cooling

Central Air
Yes

Heating

Central
Yes

Foundation Details

Slab
Yes

Exterior Construction/Siding

Brick
Yes

Roof

Metal
Yes

Exterior Features

None
Yes

Community Features

Other
Yes

Approx Age Code

Older Home 25+ Years
Yes

Parking Spaces

1 Space Unit
Yes
Listing Office: E Speed Realty
Listing Agent: Kimberly D Walker
Source MLS Verified
Last Updated: June - 22 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.