$397,000
Columbus, MS 39701
MLS# 26-2373
5072 sqft
1 / 2
Property Description
12 brick townhouses being sold together. This is a value-add opportunity for an investor with a plan and a repair budget. 7 units are currently rented, with rents well below market. The other 5 are vacant, so you can renovate and lease them at today's rates. Brick construction throughout, and the roof is newer, installed by Wheeler Roofing. The units need repairs and updating. That's where the upside is. Fix up the vacant units, bring rents up as leases roll, and you've got both cash flow and equity growth. With 7 units already occupied, you'll have income coming in while you work on the rest. Rent roll and lease information are available with an accepted showing request.
Details
Maps
Contract Information
Current Price: $397,000
Begin Date: 2026-10-16
Status: Active
List Price: $397,000
Seller considers allowances/concessions to Buyer: No
Foreclosure: Yes
Foreclosure Info: Property is bank owned.
General Property Description
Sub-Type: Multi Family
Total SqFt.: 5072
Lot Dimensions: 135.00X 158
Parking Spaces: 24
Total # Units: 12
Manager Company: Swoope
Furnished Comments: Unfurnished
Expenses
Taxes Expense: 3326.45
Taxes Remarks: Property Tax
Management Expense: 10
Location Tax and Other Information
Area: 03 - North Columbus
House Number: 610
Street Name: 22nd
Street Suffix: Street
Street Dir Suffix: N
State/Province: MS
Postal Code: 39701
County: Lowndes
Taxes: 3326.45
Tax Year: 2025
Subdivision: None
Parcel Number: 61W050203801
Property Features
Construction Materials: Brick Veneer
Roof: Architectural
Garage Type: None
Heat: Electric; Other
Air: Electric; Window Unit(s)
Listing Office: TRUE REAL ESTATE LLC
Last Updated: October - 17 - 2026
This data is provided by the Golden Triangle Association of Realtors Multiple Listing Service and may not be the listing of the provider. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.