Rare opportunity to acquire a 31-property investment package consisting of the Red Bud & Old Oak Portfolio along w/additional income producing commercial building located at 5069 N Raymond St. The residential portfolio includes 30 single-family homes comprised primarily of newer construction 2-bedroom, 2-bath properties along with a mix of one-bedroom units, a three-bedroom home, and two efficiency-style properties. Many of the homes have been built within the last 10 years and feature durable construction including brick exteriors and metal roofs. The properties offer strong in-place income with additional upside potential through rent increases to market levels. Utilities are primarily tenant paid providing operational efficiency for ownership.
Well-located commercial property at 5069 N Raymond St offering a strong investment opportunity w/an established, long term tenant in place. The property is currently leased to a successful & thriving after school care & tutoring business that has been operating at this location for approx. five years & has expressed a desire to continue occupancy. The property benefits from consistent use, steady traffic, and a functional layout suited for educational or service-based operations. Positioned along the main road at the entrance to a residential development, the location provides excellent visibility and accessibility. The current lease provides stable in-place income, making this an ideal opportunity for investors seeking a low-maintenance, income-producing asset with an exist
Verona is located in Mississippi. Verona, Mississippi has a population of 2,818. Verona is less family-centric than the surrounding county with 29.55% of the households containing married families with children. The county average for households married with children is 30.59%.
The median household income in Verona, Mississippi is $36,795. The median household income for the surrounding county is $60,708 compared to the national median of $69,021. The median age of people living in Verona is 31 years.
The average high temperature in July is 91.2 degrees, with an average low temperature in January of 30.8 degrees. The average rainfall is approximately 56.2 inches per year, with 1.3 inches of snow per year.
