576 Lower Woodville Rd, Natchez, MS 39120

3 Bedrooms / 1 Baths / Multiple Family

For Sale: $599,999.00


Contact Info

HillCo Group LLC
 (817) 983-9156

View On Property Owner's Website

This property is brought to you by:
Milwaukee Real Estate Investors Association

10 Unit Brick Apartment Complex - 870.00 Per Unit Rent -6 Units Occupied - Section 8 Approved - Property Taxes 4,517.72

Noble House Apartments is the best located asset for this submarket. The property is well located and is visible to those traveling. The subject property offers an investor the opportunity to purchase a property in excellent condition with minimal deferred maintenance while increasing rents which are below market. The property' s exterior is attractive and compromised mainly of brick. Each 3 bed 1 bath unit is clean, spacious and feels like home. Noble House Apartments is HUD approved and is currently 60% occupied with section 8 tenants. The 1.3 Acre Community is well maintained and has been a staple in Natchez for over 20 years. The current CAP Rate is an attractive 9.4% which will instantly raise to 14.5% after filling the remaining 4 units. If you are looking for a solid investment with a great ROI, look no further. Contact: 601-861-5496 Email: Make all offers to HillCo Group LLC

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