$319,000
Columbus, MS 39701
MLS# 26-523
4013 sqft
1 / 16
Property Description
Value-add 5-unit multifamily investment opportunity located at 622 4th St South, offered at $319,000. The property currently generates $1,940/month ($23,280 annually) with two units vacant and actively marketed for $645 and $695, presenting an immediate opportunity to increase income. Once fully leased, the property is projected to produce $3,280/month ($39,360 annually) in gross rental income. At the asking price, the property operates at approximately a 7.3 cap rate on current income with the potential to reach over a 12 cap rate at stabilized occupancy. Ideal for investors seeking strong cash flow potential and upside through lease-up in a market with consistent rental demand.
Details
Maps
Contract Information
Seller considers allowances/concessions to Buyer: Yes
Current Price: $319,000
Begin Date: 2026-03-04
Status: Active
List Price: $319,000
General Property Description
Sub-Type: Multi Family
Lot Dimensions: 62x97
Total # Units: 5
Manager Company: Swoope Real Estate
Furnished: Unfurnished
Total SqFt.: 4013
Location, Tax and Other Information
Realtor.COM Type: Multi-Family
Flood Zone: No
Construction Materials
Other: 1
Wood Siding: 1
Roof
Architectural: 1
Garage Type
Attached Carport: 1
Driveway: 1
Other: 1
Heat
Natural Gas: 1
Air
Electric: 1
Window Unit(s): 1
Location Tax and Other Information
Area: 01 - South Columbus
House Number: 622
Street Name: 4th
Street Dir Suffix: S
State/Province: MS
Postal Code: 39701
County: Lowndes
Taxes: 2829.72
Tax Year: 2025
Parcel Number: 61W160110002
Property Features
Construction Materials: Other; Wood Siding
Roof: Architectural
Garage Type: Attached Carport; Driveway; Other
Heat: Natural Gas
Air: Electric; Window Unit(s)
Listing Office: SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC
Last Updated: March - 12 - 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.