**100 Elizabeth Street Picayune, Mississippi** **Multifamily Investment Opportunity** This six-unit multifamily property presents an exceptional investment opportunity in the heart of downtown Picayune. Offering stable in-place cash flow, multiple income streams, and immediate upside potential, this asset is well-positioned for investors seeking long-term income and operational flexibility. Property Highlights * Six-unit multifamily property * Three 2-bedroom, 1-bath apartments * Three 1-bedroom, 1-bath apartments * Prime downtown corner location with dual street frontage * Adjoining parcel included for dedicated tenant parking * Municipal utilities * Located in Flood Zone X * Zoned C-2 Downtown Commercial Income-Producing Features * Established rental property with documented operating history * Diversified income through both traditional apartment rentals and an existing furnished corporate rental * Furnished corporate rental has generated income through Airbnb, VRBO, direct bookings, and corporate stays * Furnishings convey with the sale, allowing the next owner to continue operations immediately without additional capital investment * ALL UNITS ARE FULLY LEASED as this property has the Advantage of the property's downtown location which provides convenient access to restaurants, retail, and local businesses, supporting both long-term residential leasing and furnished corporate rental demand. Market conditions indicate low vacancy rates, limited concessions, and strong rental demand, reinforcing the property's stable operating profile. With a balanced unit mix, multiple revenue sources, dedicated off-street parking, and a documented history of income production, this property offers investors a combination of current cash flow and near-term growth potential. Its stabilized operating performance is supported by actual rental income and recurring operating expenses, providing a strong foundation for long-term investment ownership.
Courtesy: The Real Estate Company, LLC
Donna Molina
601-590-1246
Calling All Investors! Endless possibilities await with this custom-built collection of four single-dwelling tiny homes situated on 10+ peaceful acres just outside of town. Each thoughtfully designed home features a comfortable living room, private bedroom and bathroom, and a spacious utility/laundry room. Enjoy quiet mornings and relaxing evenings from the adorable front porch and back stoop, with serene views of the pond and surrounding nature visible from nearly every window. All units are equipped with central heat and air, ceiling fans, and come fully furnished, making them move-in or rental ready. This unique property offers the perfect blend of privacy, functionality, and natural beauty- great for investment, multi-generational living, or a private retreat. The current well is capable of accommodating additional dwellings, and the land is partially cleared and equipped with an RV hookup, providing excellent potential for future expansion.
Andrea D. Conner, License 22561, Xome Inc., License 21183, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Picayune is located in Mississippi. Picayune, Mississippi has a population of 11,777. Picayune is less family-centric than the surrounding county with 16.6% of the households containing married families with children. The county average for households married with children is 27.91%.
The median household income in Picayune, Mississippi is $33,192. The median household income for the surrounding county is $53,855 compared to the national median of $69,021. The median age of people living in Picayune is 39 years.
The average high temperature in July is 90.5 degrees, with an average low temperature in January of 38.8 degrees. The average rainfall is approximately 62.6 inches per year, with 0.1 inches of snow per year.
