444 Klondyke Rd, Long Beach, MS 39560

Description

PRICE IMPROVEMENT — $244,900, SOLD AS-IS. Fully leased 3-unit income property in the heart of Long Beach producing $2,900 per month — $34,800 annually — with all three units occupied and under lease at closing. At the new price that's a 7.0 gross rent multiplier and a 9.68% cap rate, calculated on actual taxes of $2,764 and actual insurance of $3,814, not estimates. Verify the numbers yourself; they hold up. The main residence (Unit A) is a 3-bedroom, 2-bath home with hardwood, tile, and brick flooring, granite countertops, stainless appliances, a two-car garage, and a private fenced yard. Two additional 2-bedroom, 1-bath apartments sit at the rear of the 0.59-acre lot, ...