Investing in real estate is a popular way to secure your financial future and generate passive income. If you’re looking for a lucrative investment opportunity in Mississippi, you might want to consider this investment property for sale.
This property is located within walking distance to downtown, making it an attractive option for tenants who prefer the convenience of being close to shops, restaurants, and other amenities. Additionally, the home has original hardwood floors that add character and charm to the space, and a newer HVAC system that ensures comfort year-round.
The property also boasts a fenced backyard, which is ideal for tenants with pets or families with young children. Moreover, the house has the potential to add a fourth bedroom, which could increase its value and rental income.
It’s worth noting that the house is being sold “As Is,”which means that the seller won’t be making any repairs or improvements to the property before the sale. Therefore, it’s essential to conduct a thorough inspection before making an offer to ensure that the home is in good condition and doesn’t require significant repairs.
Furthermore, the tenant signed a three-month lease in July, which means that the property will be generating income for at least the next few months. However, you should also consider the possibility that the tenant may not renew their lease, which could impact your cash flow.
As with any investment, it’s crucial to do your due diligence and gather as much information as possible before making a decision. Ensure that you verify all the information provided about the property and consult with a real estate agent who has experience in the local market.
In conclusion, this Mississippi investment property for sale has the potential to be a profitable investment if you’re willing to put in the work. With its prime location, charming features, and income-generating potential, it’s definitely worth considering.
403 N 8th Ave., Amory, MS 38821