NOT LISTED FOR SALE

1116 Ash Ave Richton, MS 39476

-- Bed
-- Bath
9,928 Sq Ft
1.6 Acres Lot

Sale Details

Date Sold: November 4, 2024

8 Days on Market

About This Home

As of November 2024

Here is a 12-Unit investment opportunity in Richton with a great 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!

Last Agent to Sell the Property

Braden Witcher

KW Elite Keller Williams License #S-53478 Listed on: 09/01/2024

Last Buyer's Agent

Adam Watkins

The All-Star Team Inc License #B-17034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,625

Year Built

  • Built in 1954

Lot Details

  • 1.6

Home Design

  • Brick Veneer

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 061A-01-005.000

Community Details

Overview

  • 6 Buildings
  • 12 Units

Building Details

  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,625

Year Built

Built in 1954

Lot Details

1.6 Acres

Listing Details

  • First Right of Refusal: Select One
  • Directions: From Front Street turn onto Bay Avenue. Bay Ave Becomes Old Augusta Rd. Turn slight right onto Ash Ave. The buildings will be on the left.
  • Electrical Service Provider: Mississippi Power Co
  • Garbage And Trash Svc Other: YES
  • Gas Svc Prvd: Center Point Energy
  • Historical District: No
  • Lender Short Sale: No
  • Listing Member Name: Braden Witcher
  • Prop. Type: MultiFamily
  • List Price Range: 10W
  • Realtor Ads: No
  • Selling Member Short Id: 116.3
  • Selling Office Short Id: kwbof
  • Sewage Companies Other: YES
  • Sale Price per Sq Ft: 9780.00
  • Building Stories: One Story
  • Total Annual Property Tax: 4625.14
  • Water Service Provided Other: Richton
  • Year Built: 1954
  • One Bedroom Number of Units: 2
  • Two Bedroom Number of Units: 6
  • Three Bedroom Number of Units: 4
  • Estimated Building Sq Ft: 9928.00
  • For Sale Or Rent: Sale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Source For Sq Ft: Appraiser
  • Foreclosure: No
  • Legal Description: PT N1/2 NW NE
  • One Bedroom: One Bath
  • Two Bedroom: One Bath
  • Three Bedroom: One Bath
  • Number Of Buildings: 6

Exterior Features

  • Exterior Construction: Brick Veneer
  • Flood Zone: No

Condo/Co-op/Association

  • Number of Units: 12

Schools

  • School District: Richton

Lot Info

  • Lot Dimensions: 1.6 Acres MOL
  • Parcel Number: 061A-01-005.000
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Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold -- -- --
09/09/2024 09/09/24 Pending -- -- --
09/01/2024 09/01/24 For Sale $375,000 -- $38 / Sq Ft
Source: Hattiesburg Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,713 $29,166 $0 $0
2024 $4,625 $29,166 $0 $0
2023 $4,625 $29,166 $0 $0
2022 $4,593 $29,166 $0 $0
2021 $4,331 $27,506 $0 $0
2020 $4,331 $27,506 $0 $0
2019 $4,378 $27,506 $0 $0
2018 $4,200 $27,506 $0 $0
2017 $4,200 $26,321 $0 $0
2016 $4,189 $26,321 $0 $0
2015 $3,977 $26,321 $0 $0
2014 -- $26,321 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hattiesburg Area Association of REALTORS®

MLS Number: 139461

Hattiesburg Area Association of REALTORS®
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