For Sale
$1,375,000

502 Dorsett DrIndianola, MS 38751

24 Units, 1.2 Acres, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 24-unit apartment complex situated on a 1.2-acre lot in Indianola, Mississippi, within Sunflower County. Located at 502 Dorsett Drive, zip code 38751 (33.4609167, -90.6417031), this multifamily property boasts recently completed renovations, transforming each unit from the studs up. Upgrades include brand new stainless steel appliances, granite and concrete countertops, fresh walls, tile flooring, and entirely new HVAC systems. The property's high-quality finishes are unmatched in the area, contributing to its exceptional appeal. Currently, only two of the 24 units are vacant, reflecting the strong rental demand in Indianola. This turnkey operation is primed for immediate income generation, offering a significant return on investment. The asking price for this lucrative property is $1,375,000. This property is classified as both an apartment building and for hunting/recreational use. The high demand for rental units and the scarcity of comparable properties in this condition make this a truly unique and compelling investment prospect. Don't miss this chance to acquire a thriving, renovated apartment complex in a high-demand market.

Highlights

  • 24-unit apartment complex on a 1.2-acre lot in Indianola, MS.
  • Recently renovated units with stainless steel appliances, granite/concrete countertops, new HVAC systems, and fresh finishes.
  • Located at 502 Dorsett Drive, Indianola, MS 38751.
  • Only two vacant units, indicating high occupancy and rental demand.
  • Turnkey operation with immediate income potential; asking price $1,375,000.
  • Classified as both apartment building and hunting/recreational use.

Property Details for 502 Dorsett Dr

Property type
Land, Apartment buildings
Lot Size (sq. ft)
52,272 SF
Units
24

Location Insight

City
Indianola
County
Sunflower
State
Mississippi
Latitude
33.4609167
Longitude
-90.6417031
502 Dorsett Dr, Indianola, Mississippi

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502 Dorsett Dr
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