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1067 Adams St - 1067 Adams Street 2 Unit Apartment Building Offered at $69,933 CAD at a 20.31% Cap Rate Grenada, MS 38901
Executive Summary
CASH COW DUPLEX!!!
Cheap. Built in 2014. Good condition. Each unit will rent for $600. Separate electric, water and gas meters, tenants pay all utilities! WILL GENERATE A 20.31%+ NET RETURN!!! $35K IN VALUE ADD!! Do not miss out on this amazing investment opportunity.
Property management and financing are available.
Cheap. Built in 2014. Good condition. Each unit will rent for $600. Separate electric, water and gas meters, tenants pay all utilities! WILL GENERATE A 20.31%+ NET RETURN!!! $35K IN VALUE ADD!! Do not miss out on this amazing investment opportunity.
Property management and financing are available.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$20,181
|
$16.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,181
|
$16.82
|
| Taxes |
$612
|
$0.51
|
| Operating Expenses |
$3,941
|
$3.28
|
| Total Expenses |
$4,553
|
$3.79
|
| Net Operating Income |
$15,628
|
$13.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $20,181 |
| Annual Per SF | $16.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $20,181 |
| Annual Per SF | $16.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $612 |
| Annual Per SF | $0.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,941 |
| Annual Per SF | $3.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,553 |
| Annual Per SF | $3.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $15,628 |
| Annual Per SF | $13.02 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $840.88 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 104C-18-135.00 | Total Assessment | $6,552 CAD (2025) |
| Land Assessment | $1,895 CAD (2025) | Annual Taxes | $612 CAD ($0.51 CAD/SF) |
| Improvements Assessment | $4,657 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
104C-18-135.00
Land Assessment
$1,895 CAD (2025)
Improvements Assessment
$4,657 CAD (2025)
Total Assessment
$6,552 CAD (2025)
Annual Taxes
$612 CAD ($0.51 CAD/SF)
Tax Year
2026
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1067 Adams St - 1067 Adams Street
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