$1,000,000
$1,000,000
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96 Beds
40 Baths
15,532 SqFt
SOLD DATE : 11/02/2026
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,532 sqft
Price per Sqft $64
Subdivision Metes And Bounds
MLS Listing ID 4159781
Sold Date 11/02/26
Style Other
Bedrooms 96
Full Baths 40
HOA Y/N No
Year Built 1999
Annual Tax Amount $7,457
Lot Size 3.000 Acres
Acres 3.0
Source MLS United
Property Description
David Jordan Apartments - Phase I presents an excellent investment opportunity featuring 40 income-producing units: 24 two-bedroom, one-bath apartments and 16 three-bedroom, one-bath apartments, 5 buildings, 8 units each. Renovations have brought the property up to current code standards, making it mostly suitable for Section 8 participation or private-market leasing. All units are currently rented at private-market rates. Each apartment features a spacious 6'10" × 34' covered front porch and was constructed to ADA-accessible specifications. Additional amenities include a playground, paved parking and a separate management office (666 SF)for an on-site manager. This fully occupied apartment community offers immediate income with professional on-site management capabilities. Currently paying On-site Manager, $450/week On-site maintenance, $600/week
Location
State MS
County Leflore
Community Playground
Direction Main Street to South St to Avenue E
Interior
Interior Features Ceiling Fan(s)
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Vinyl
Fireplaces Type None
Furnishings No
Window Features Blinds
Appliance Gas Range, Gas Water Heater, Refrigerator
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Exterior Feature See Remarks
Parking Features On Site, Parking Lot, Paved
Community Features Playground
Utilities Available Cable Available, Natural Gas Connected, Sewer Connected, Water Connected, Fiber to the House
Waterfront Description None
Roof Type Architectural Shingles
Accessibility Accessible Doors
Porch Porch
Garage No
Private Pool No
Building
Lot Description City Lot, Level
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Structure Type See Remarks
New Construction No
Others
Tax ID 10015041100320
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