505 3rd Street Clarksdale, MS 38614
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyCoahoma
- Taxes$5,553
- HOA/Condo/Coop Fees$0
- Days on Site40 Days
- MLS StatusActive
- MLS ID Number4081080
- Home Size Source N/A
- Year Built1942
- Lot Size0.11 Acres
- Full BathsN/A
- Partial BathsN/A
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