Hopper Properties
Dale Dieckman, Hopper PropertiesPhone: (601) 672-3993
Email: [email protected]
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listing
1 of 19
CommercialFor Sale
$675,000
505 3rd Street
Clarksdale, MS 38614
Courtesy of Local Real Estate
MLS: MLS United
10,339Sq Ft
Est. Mortgage
$3,584/mo

Welcome to Bluesville Apartment Complex, a unique investment opportunity nestled in the heart of Clarksdale, Mississippi. Bluesville Apartment Complex features a total of 16 units, with 14 currently rented, providing immediate rental income. One unit is currently utilized as an office and has a bathroom, but no kitchen, but can easily be converted back into a residential unit, offering additional rental potential. It is also plumbed to be set up as a laundry facility as well. Parking is behind the building and there is a pavilion in the parking lot where tenants can grill. Each apartment in Bluesville is 500 square feet of comfortable living space designed to maximize functionality and comfort. The complex enjoys a high occupancy rate with long-term tenants, reflecting its desirability and stability. This makes it an ideal investment for those seeking a property with steady cash flow and room for growth. The current cap rate is 10.6. Whether you're an investor looking to expand your portfolio or seeking a property with historical significance and stable returns, Bluesville is the perfect choice. Don't miss out on this exceptional opportunity. Contact you realtor today to schedule a viewing and discover why Bluesville Apartment Complex is the ideal investment for you.

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Information courtesy of Local Real Estate is subject to verification and is not guaranteed.
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