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.
| Date | Price |
|---|---|
| -- | New Value: $675,000 |
| 5/29/2024 6:43:00 PM | New Value: $675,000 |