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For Sale Rental Homes Portfolio 100+ Doors, Grenada, MS 38901

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For Sale

$3,000,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
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MOTIVATED SELLER! Would Consider Owner Financing with a Large Down Payment ($1,000,000.) CASH TALKS! ONLY INTERESTED in END BUYERS, NO WHOLESALERS PLEASE! RENT for 2024 averaged 42k per month according to the records. (ALL RECORDS ARE KEPT ON LEDGERS "OLD SCHOOL") COME VISIT US IN PERSON TO LOOK AT THE BOOKS.. NO DIGITAL COPIES AVAILABLE..The city has experienced a marked increase in employment,with 900 new jobs not yet announced and other local companies relocating up to 1,800 employees to Grenada. Grenada has also benefited from industrial developments of $550+ million along with several million in federal grants and state tax credits for the local economy. For the first time in over 30 years, this 135-door rental portfolio in Grenada, MS, is available for purchase! Owned and managed by the same family for decades, this collection of single-family homes, duplexes, and apartment units has been a proven income producer. Now, the owners are ready to pass it along to the next investor to continue its success.This portfolio is already cash-flowing with significant upside potential. With strategic renovations and updates, there is an opportunity to increase rental rates, boost ROI, and maximize long-term value. Whether you're an experienced investor or looking to scale your rental holdings, this is a rare chance to acquire a well-established portfolio in a growing market.THESE HOMES VARY IN CONDITION FROM GOOD TO DILAPIDATED. APPROXIMATELY 85 +/- PAYING RENT BUT, MANY MORE COULD BE PUT ONLINE WITH REPAIRS. (CURRENT RENT ARE VERY LOW AND COULD EASILY BE INCREASED).. CALL LISTING BROKERAGE FOR MORE INFO
MLS# 11418296

Courtesy Of Coltmor Realty Co.

(662) 229-7003

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Directions to For Sale Rental Homes Portfolio 100+ Doors, Grenada, MS 38901

Home seller CENTURY 21 David Stevens Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 David Stevens Inc.

(601) 924-7552
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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