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1216 Park Ave - Park Avenue Apartments 12 Unit Apartment Building Offered at $555,857 CAD at a 16.63% Cap Rate Columbia, MS 39429
EXECUTIVE SUMMARY
AWESOME COMPLEX!!!!
3 Quads on one parcel. 12 units x 2bed/1bath units. Brick Construction, Separate Electric Meters, Central Heat And Air, City Water And Sewer. Excellent Construction Quality. WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $80k IN VALUE ADD!!! Sold at a discount. Landlord friendly state. LOW EXPENSES!!!! Do not miss out on this amazing opportunity.
Financing and property management is available!!!!
3 Quads on one parcel. 12 units x 2bed/1bath units. Brick Construction, Separate Electric Meters, Central Heat And Air, City Water And Sewer. Excellent Construction Quality. WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $80k IN VALUE ADD!!! Sold at a discount. Landlord friendly state. LOW EXPENSES!!!! Do not miss out on this amazing opportunity.
Financing and property management is available!!!!
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$140,111
|
$24.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,111
|
$24.53
|
| Taxes |
$6,319
|
$1.11
|
| Operating Expenses |
$36,735
|
$6.43
|
| Total Expenses |
$43,054
|
$7.54
|
| Net Operating Income |
$97,057
|
$16.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $140,111 |
| Annual Per SF | $24.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,111 |
| Annual Per SF | $24.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,319 |
| Annual Per SF | $1.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,735 |
| Annual Per SF | $6.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,054 |
| Annual Per SF | $7.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,057 |
| Annual Per SF | $16.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $972.99 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 171-33-000-03-005 | Total Assessment | $39,581 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $6,319 CAD ($1.11 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
171-33-000-03-005
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$39,581 CAD (2025)
Annual Taxes
$6,319 CAD ($1.11 CAD/SF)
Tax Year
2026
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1216 Park Ave - Park Avenue Apartments
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