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1116 Ash Avenue 1116 Ash Ave 12 Unit Apartment Building $597,824 CAD ($49,819 CAD/Unit) 19.04% Cap Rate Richton, MS 39476
Executive Summary
AWESOME 12 UNITS!!!
6 duplexes on one parcel. Solid Brick. 4 x 3bed/1bath, 6 x 2bed/1bath, 2 x 1bed/1bath. Separate electric, water and gas meters. Units rent for $800, $700 and $600. Nice tenants. WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!!! Landlord friendly state. Do not miss out on this opportunity.
Property management and financing is available.
6 duplexes on one parcel. Solid Brick. 4 x 3bed/1bath, 6 x 2bed/1bath, 2 x 1bed/1bath. Separate electric, water and gas meters. Units rent for $800, $700 and $600. Nice tenants. WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!!! Landlord friendly state. Do not miss out on this opportunity.
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$146,929
|
$15.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,929
|
$15.02
|
| Taxes |
$6,710
|
$0.69
|
| Operating Expenses |
$26,404
|
$2.70
|
| Total Expenses |
$33,115
|
$3.39
|
| Net Operating Income |
$113,814
|
$11.64
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $146,929 |
| Annual Per SF | $15.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,929 |
| Annual Per SF | $15.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,710 |
| Annual Per SF | $0.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,404 |
| Annual Per SF | $2.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,115 |
| Annual Per SF | $3.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,814 |
| Annual Per SF | $11.64 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $854.24 CAD | - |
| 2+1 | 6 | $996.61 CAD | - |
| 3+1 | 4 | $1,139 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 061A-01-005.000 | Total Assessment | $41,525 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $6,710 CAD ($0.69 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
061A-01-005.000
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$41,525 CAD (2025)
Annual Taxes
$6,710 CAD ($0.69 CAD/SF)
Tax Year
2026
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1116 Ash Avenue | 1116 Ash Ave
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