This income-producing multi-family rental property has two spacious units currently leased and producing cash flow. The perfect location is on a large 0.25+/- acre lot close to downtown Indianola in Sunflower County, MS. Two stories with a unit on each floor totaling 3,806 square feet with large front porches facing East Percy Street.
This 24 Unit Apartment Complex at Oak Manor in Indianola, MS, located in the heart of the Delta, is primedand ready to go to work for you! Each of the two buildings consist of four one bedroom units and eight two bedroom units. Recently renovated down to the studs ofeach unit, this property offers all the amenities your tenants will love, from stainless steel appliances,granite, and concrete countertops, brand new walls, tile floors, and completely new HVAC equipment. Thereis no other property in this condition in the area. The demand for rental units in Indianola is extremely high,and the quality supply is almost nonexistent. Crank this cash flow machine up and let it get to work!
Indianola is located in Mississippi. Indianola, Mississippi has a population of 9,679. Indianola is less family-centric than the surrounding county with 16.26% of the households containing married families with children. The county average for households married with children is 17.21%.
The median household income in Indianola, Mississippi is $32,043. The median household income for the surrounding county is $32,608 compared to the national median of $69,021. The median age of people living in Indianola is 34.8 years.
The average high temperature in July is 91.6 degrees, with an average low temperature in January of 33.2 degrees. The average rainfall is approximately 53.6 inches per year, with 0.5 inches of snow per year.