NOT LISTED FOR SALE

408 E Eighth St Picayune, MS 39466

Estimated Value: $74,000 - $264,000

Studio
1 Bath
1,539 Sq Ft
$121/Sq Ft Est. Value

Last Sold February 03, 2023

Current estimated payment $1,152/month

139 Days on Market

Highlights

  • Brick or Stone Mason
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of February 2023

This is a great opportunity to build your rental portfolio! This is a 2 bedroom 1 bathroom duplex on a dead end street in the Picayune city limits. Duplex has been 100% rented for multiple years at $700 month. 1 unit recently became vacant and will remain vacant for easy viewing. This duplex sits on .68 acres with another duplex for sale separately on the parcel. If purchasing one unit, a survey will need to be done. Appliances remain. Interior photos are of the neighboring duplex, same floor plan. **Seller will consider Owner Financing, present the terms.**

Last Agent to Sell the Property

Kelsey Templet-Hickman

Templet Realty, LLC Brokerage Phone: 6017490137 License #B-22766 Listed on: 08/23/2022

Last Buyer's Agent

Missi S. Smith

RE/MAX Premier Group License #S-44912

RE/MAX Premier Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.68

Parking

  • Off-Street Parking

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 1,539 Sq Ft Home
  • 1-Story Property

Additional Features

  • 0.68 Acre Lot
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 026234

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.68
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Hwy 11 turn on E Seventh Street. Turn left on Simmons St. Simmons Street turns into E Eighth St. Duplexes are at the end of the street.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1977
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Owner Pays: None
  • Flooring: Other-See Remarks
  • Living Area: 1539
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: City Lot
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Architectural, Other

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: Coast Electric, MS Power
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Pic-Roseland Park

Lot Info

  • Lot Size Sq Ft: 29620.8
  • Farm Land Area Units: Square Feet
  • Parcel #: 026234
  • ResoLotSizeUnits: SquareFeet

Green Features

Rental Info

  • Tenant Pays: Other

Multi Family

  • Number Of Units Total: 2

Tax Info

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2022
Closed on
Feb 2, 2023
Sold by
Mckean Fay C Trust
Bought by
Lejeune Equity Management Llc
Seller's Agent
Kelsey Templet-Hickman
Templet Realty, LLC
Buyer's Agent
Missi S. Smith
RE/MAX Premier Group
List Price
$185,000
Views
73
Current Estimated Value
$185,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$130,000
Outstanding Balance
$67,907
Interest Rate
6.27%
Mortgage Type
Construction
Estimated Equity
$117,756
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Lejeune Equity Management Llc $162,500 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lejeune Equity Management Llc $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold -- -- --
01/12/2023 01/12/23 Pending -- -- --
08/25/2022 08/25/22 For Sale $185,000 -- $120 / Sq Ft
Source: Pearl River County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $2,167 $12,794 $0 $0
2023 $2,066 $11,339 $0 $0
2022 $3,650 $21,981 $0 $0
2021 $3,650 $21,981 $0 $0
2020 $3,400 $21,981 $0 $0
2019 $3,215 $20,820 $0 $0
2018 $3,225 $20,820 $0 $0
2017 $0 $20,820 $0 $0
2016 $3,191 $20,820 $0 $0
2015 -- $17,610 $0 $0
2014 -- $17,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelsey Templet-Hickman

    Seller's Agent in 2023

    Kelsey Templet-Hickman

    Templet Realty, LLC

    (601) 590-3928

    223 Total Sales

    Kelsey Templet-Hickman
    Section Image
  • Missi S. Smith

    Buyer's Agent in 2023

    Missi S. Smith

    RE/MAX

    (601) 347-7496

    109 Total Sales

    Missi S. Smith
    Section Image
See All Agents

Map

Source: Pearl River County Board of REALTORS®

MLS Number: 177135

APN: 6-17-6-14-002-010-2500

Mississippi Pearl River County Picayune 39466

408 E Eighth St, Picayune, MS

Not Listed for Sale

MultiFamily

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.

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.

Nearby Homes