2516 Southern Heights Road

Tupelo, MS 38801

$4,100,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing opportunity to own 44 two bed, two bath rental properties in Tupelo! There are 22 rooftops, each a duplex nicely spaced on large property. Low maintenance brick exterior. Several have been updated with new appliances, fresh paint, new roofs and LVP flooring. Wonderful turnkey investment property in quiet residential area adjacent large green space at Theron Nichols Park. Please see 3D tour link. Drone video and walkthrough video available by request.Amazing opportunity to own 44 two bed, two bath rental properties in Tupelo! There are 22 rooftops, each a duplex nicely spaced on large property. Low maintenance brick exterior. Several have been updated with new appliances, fresh paint, new roofs and LVP flooring. Wonderful turnkey investment property in quiet residential area adjacent large green space at Theron Nichols Park. Please see 3D tour link. Drone video and walkthrough video available by request.
  1. Listed by Meatha Haynes Tapley • Crye-Leike, Inc., REALTORS
  2. Listed by Tyler Tapley • Crye-Leike, Inc., REALTORS

Property Details for 2516 Southern Heights Road

Area
189
MAAR Subdivision Name
The Woods Complex
Legal Subdivision Name
Parkwood

Location

Listing Courtesy of Crye-Leike, Inc., REALTORS
Add your commute
LISTING UPDATED: 10/02/2023 01:07 PM

Property Details for 2516 Southern Heights Road

StatusActive
MLS #10157954
Days on Market215
Taxes$53,703 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other (See REMARKS)
Year Built1990
Lot Size-
CountyLee County

Location

Listing Courtesy of Crye-Leike, Inc., REALTORS
Add your commute

Virtual Tour

Building Information for 2516 Southern Heights Road

Stories-Residences44Year Built1990Building Size-Lot Size-

Payment Calculator

$26,851 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,375

Property Taxes

$4,475

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2516 Southern Heights Road

Summary
Location and General Information
  • Address: 2516 SOUTHERN HEIGHTS RD
  • Address Search Number: 2516
  • Directions: Main Street to Lawndale, South on Lawndale, Right on Mitchell, Left on Southern Heights to Multiple Addresses
  • MLS Map Num: Other Mississippi Counties
Taxes and HOA Information
  • Hot Water: Other (See REMARKS)
  • LVT Date: 10-02-2023
  • Annual Insurance Expenses: $16,119
Virtual Tour
Property
Lot Information
  • Lot Size: 0.0
  • Parcel ID: Lee County MS, 106c-13-002-07
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 96
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Floors/Ceilings: Partial Carpet, Tile, Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 44
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 22
  • Num Other Units: 0
  • Annual Operating Expenses: $10,800
  • Assumption: No Assumption
  • Construction: Brick
  • Cooling Systems: Central
  • Existing Financing: Other (See REMARKS)
  • Gross Potential Annl Rent: $386,340
  • Heating Systems: Central
  • Laundry: Connections
  • Operating Expenses: Management, Repairs/Maintenance
  • Parking Facility: Concrete
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner, Rent Roll
  • Tenant Pays: Other (Call LA)
  • Type Units: 2 BR - 1+ Baths, Unfurnished

Property History for 2516 Southern Heights Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2516 Southern Heights Road

Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Parkway Elementary School
PublicK to 2

Lawndale Elementary School
Public3 to 5

Tupelo Middle School
Public7 to 8

Tupelo High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2516 Southern Heights Road is a multi-family home for sale in Tupelo, MS 38801. This property was listed for sale on October 2, 2023 by Crye-Leike, Inc., REALTORS, it's currently listed at $4,100,000. Nearby schools include Parkway Elementary School, Lawndale Elementary School and Tupelo Middle School. 2516 Southern Heights Road is a 0-bed, 0-bath, multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike, Inc., REALTORS