Here is a 12-Unit investment opportunity in Richton with a projected 12% CAP rate! This property contains 6 total buildings and rarely has a vacancy. ALL UNITS ARE FILLED AS WELL! Seller pays for garbage and security lights while the tenants pay for utilities! Property has the potential to grow in value and income! Property is priced to sell. Don't lose this chance!
Richton is located in Mississippi. Richton, Mississippi has a population of 952. Richton is less family-centric than the surrounding county with 18.03% of the households containing married families with children. The county average for households married with children is 36.34%.
The median household income in Richton, Mississippi is $21,607. The median household income for the surrounding county is $35,374 compared to the national median of $57,652. The median age of people living in Richton is 38.6 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 34.1 degrees. The average rainfall is approximately 59 inches per year, with 0.5 inches of snow per year.
