NOT LISTED FOR SALE

115 N James Ave McComb, MS 39648

6 Beds
3 Baths
3,900 Sq Ft
0.45 Acres

Last Sold November 16, 2018

113 Days on Market

Highlights

  • Attic Fan
  • Ceiling Fan
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of November 2018

You are looking at a solid rental property investment opportunity in McComb, Mississippi offering a capitalization rate of over 12%. This 3 unit property grosses right at $17,000 annually and generates a net profit of over $11,000 annually. All 3 units are in very good condition and have been very well maintained. The infrastructure and grounds have also been well maintained. Because of the condition of the units and infrastructure, the occupancy rate is close to 100%. Maintenance, taxes and insurance costs are low. If you are looking for a profitable rental property investment, you should take a good look at this one. Call today for more details. Being shown to financially qualified buyers by appointment only.

Last Agent to Sell the Property

Andy Lewis

Berkshire Hathaway HomeServices - Cabin Creek Real Estate License #S-44192 Listed on: 06/18/2018

Berkshire Hathaway HomeServices - Cabin Creek Real Estate

Last Buyer's Agent

Chuck Paulk

Berkshire Hathaway HomeServices - Cabin Creek Real Estate

Berkshire Hathaway HomeServices - Cabin Creek Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 104 x 190

Home Design

  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 3,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Attic Fan
  • Electric Cooktop
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Open Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Total Actual Rent $1,450
  • Assessor Parcel Number 552228

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: Delaware Avenue to N. James Avenue--Property is on the left
  • Prop. Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.4536
  • Lot Size: 104 x 190
  • Subdivision Name: Other
  • Building Stories: 1
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator,Electric Cooktop, Gas Water Heater
  • Has Basement: Crawl Space
  • Total Bedrooms: 6
  • Entry Location: Unit 1 Level: 1,Unit 2 Level: 1,Unit 3 Level: 1
  • Living Area: 3900
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Architectural
  • Construction Type: Frame
  • Foundation Details: Block

Garage/Parking

  • Open Parking: Yes
  • Parking Features: On Street
  • Total Parking Spaces: 4

Utilities

  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, Electric
  • Sewer: Public Sewer
  • Laundry Features: W/D Hook Up
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes
  • Electric: Entergy
  • Utilities: Cable Connected
  • Water Source: City
  • Gas Company: Centerpoint

Schools

  • Junior High Dist: McComb

Lot Info

  • Parcel #: 552228
  • Lot Size Sq Ft: 19760
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 1450

Tax Info

  • Tax Map Number: 73C02-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Nov 16, 2018
Sold by
Smith Stephen P
Bought by
Thevenot Mark S
Seller's Agent
Andy Lewis
Berkshire Hathaway HomeServices - Cabin Creek Real Estate
Buyer's Agent
Chuck Paulk
Berkshire Hathaway HomeServices - Cabin Creek Real Estate
List Price
$94,500
Sold Price
$60,000
Premium/Discount to List
-$34,500
-36.51%
Total Days on Market
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.59%
Original Mortgage
$52,772
Interest Rate
4.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 25, 2006
Sold by
Tyndall Properties Llc
Bought by
Smith Stephen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,121
Interest Rate
6.39%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2018 11/16/18 Sold -- -- --
10/17/2018 10/17/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $94,500 -- $24 / Sq Ft
Source: Southwest Mississippi Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Andy Lewis

    Berkshire Hathaway HomeServices - Cabin Creek Real Estate

    (601) 341-9433

    17 Total Sales

    Andy Lewis
    Section Image
  • Chuck Paulk

    Buyer's Agent in 2018

    Chuck Paulk

    Berkshire Hathaway HomeServices - Cabin Creek Real Estate

    (601) 810-2104

    75 Total Sales

    Chuck Paulk
    Section Image
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Map

Source: Southwest Mississippi Board of REALTORS®

MLS Number: 127782

Southwest Mississippi Board of REALTORS®

Mississippi Pike County Mccomb 39648

115 N James Ave, Mccomb, MS

This home is located at 115 N James Ave, McComb, MS 39648 since 18 June 2018. This property was built in 1968. 115 N James Ave is a home located in Pike County with nearby schools including Otken Elementary School, Higgins Middle School, and Denman Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest Mississippi Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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