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1116 Ash Avenue 1116 Ash Ave 12 Unit Apartment Building $585,374 CAD ($48,781 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 |
$143,869
|
$14.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,869
|
$14.71
|
| Taxes |
$6,570
|
$0.67
|
| Operating Expenses |
$25,855
|
$2.64
|
| Total Expenses |
$32,425
|
$3.32
|
| Net Operating Income |
$111,444
|
$11.40
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,869 |
| Annual Per SF | $14.71 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,869 |
| Annual Per SF | $14.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,570 |
| Annual Per SF | $0.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,855 |
| Annual Per SF | $2.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,425 |
| Annual Per SF | $3.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $111,444 |
| Annual Per SF | $11.40 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $836.45 CAD | - |
| 2+1 | 6 | $975.86 CAD | - |
| 3+1 | 4 | $1,115 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 | $40,863 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $6,570 CAD ($0.67 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
$40,863 CAD (2025)
Annual Taxes
$6,570 CAD ($0.67 CAD/SF)
Tax Year
2026
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1116 Ash Avenue | 1116 Ash Ave
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