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616 N Bayou Avenue, Cleveland, MS – $945,000

  • 28 Beds
  • 17 Baths
  • 13,152 Sqft
  • .92 Acres
  • 28 Beds
  • 17 Baths
  • 13,152 Sqft
  • .92 Acres

616 N Bayou Avenue

This investment opportunity includes 14 residential rental units on a 0.92+/- acre lot, featuring four triplexes and a duplex. There is also an additional pad site ready for development. The property has a potential income of $11,000 monthly or $132,000 annually. Located near the Cleveland Country Club, Delta State University, and Downtown Cleveland, it offers convenience and appeal for tenants. Annual Expenses: Taxes: $16,974 Water: $6,000 Garbage: $3,132 Common Area Maintenance: $3,000 Insurance: $6,720 4 Units are 4 Bed, 2 Bath 8 Units are 2 Bed, 1 Bath The Duplex is 1 Bed, 1 Bath on each side Call today to discuss the investment potential and to schedule your private showing.

Essential Information

  • MLS® #4089025
  • Price$945,000
  • Bedrooms28
  • Bathrooms17.00
  • Full Baths17
  • Square Footage13,152
  • Acres0.92
  • Year Built1991
  • TypeRes Income Multi-Fam
  • StatusActive

Community Information

  • Address616 N Bayou Avenue
  • SubdivisionCarpenters
  • CityCleveland
  • CountyBolivar
  • StateMS
  • Zip Code38732

Amenities

  • ParkingConcrete

Utilities

Cable Available, Electricity Connected, Sewer Connected, Water Connected

Interior

  • HeatingCentral, Electric
  • CoolingCentral Air
  • StoriesTwo

Exterior

  • ExteriorSiding
  • Exterior FeaturesBalcony
  • Lot DescriptionCity Lot
  • RoofAsphalt Shingle, Asphalt
  • FoundationSlab

Additional Information

  • Listing OfficeTom Smith Land & Homes
  • Listing AgentTracey Bell
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The information being provided by the Central Mississippi MLS, Inc. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.