411 Court Street, Vaiden, MS 39176 (MLS# 4135007)

411 Court Street, Vaiden, MS 39176

$1,500,000

Property Type: Res Income Multi-Fam Bedrooms: 2 Square Footage: 22,561 Lot Size (sq. ft.): 130,680 Status: Active

Current Price: $1,500,000 List Date: 1/03/2026 Last Modified: 1/03/2026

Overview

Description

Well-maintained 28-unit Project-Based Section 8 multifamily community located at 411 Court Street, Vaiden, MS. The property is 95% occupied and benefits from a long-term HUD HAP contract in place through 2036, providing stable, government-backed income. Built in 1981, the asset spans approximately 21,926 SF on ±3.44 acres and is zoned R-4 Multifamily. Positioned in the county seat of Carroll County with convenient access to Highway 51 and Highway 35, and supported by nearby retail, medical, and educational amenities. Turnkey affordable housing investment with long-term cash flow and future redevelopment or 4%/9% LIHTC potential.

Listing Details MLS# 4135007

General Property Information

# of Units Included in Sale: 28
Approx Lot Size Acres: 3
Approx H/C SqFt: 22561
SqFt Source: Assessor
List Price/SqFt: 66.49
Year Built: 1981
Year Built Source: Assessor
Total Floors: 2
Bedrooms Total: 2
Bathrooms Full: Yes
Furnished: No
School District: Carroll County Dist
Accessibility Features: Yes
New Construction: No
Property Condition: Updated/Remodeled
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Multi Family Levels: Two Cooling: Central Air Heating: Central Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Affordable Housing; Cash; Conventional; FHA; USDA Loan; VA Loan Roof: Architectural Shingles Exterior Features: See Remarks Parking Features: Parking Lot Waterfront Features: See Remarks

Address and Location Information

Street Number: 411
Street Name: Court
Street Suffix: Street
County: Carroll
State: MS
Zip Code: 39176
Parcel Number: 123a-23-A-0032000
Subdivision: Metes And Bounds
Community Of: N/A

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 22837
Tax Year: 2024
Homestead Y/N: Yes
Additional Exemptions Y/N: Yes
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: PT SE 1/4 NE 1/4

Showing Requirements

Showing: Appointment Required
Appointment Phone: 9016547589

More Information

Remarks & Miscellaneous

Public Remarks: Well-maintained 28-unit Project-Based Section 8 multifamily community located at 411 Court Street, Vaiden, MS. The property is 95% occupied and benefits from a long-term HUD HAP contract in place through 2036, providing stable, government-backed income. Built in 1981, the asset spans approximately 21,926 SF on ±3.44 acres and is zoned R-4 Multifamily. Positioned in the county seat of Carroll County with convenient access to Highway 51 and Highway 35, and supported by nearby retail, medical, and educational amenities. Turnkey affordable housing investment with long-term cash flow and future redevelopment or 4%/9% LIHTC potential.

Structure Type

Multi Family: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

Affordable Housing: Yes
Cash: Yes
Conventional: Yes
FHA: Yes
USDA Loan: Yes
VA Loan: Yes

Waterfront Features

See Remarks: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick: Yes
Brick Veneer: Yes

Roof

Architectural Shingles: Yes

Exterior Features

See Remarks: Yes

Parking Features

Parking Lot: Yes

Listing Office: Gene Adams Realty

Listing Agent: Gene E Adams

Last Updated: January - 03 - 2026

411 Court Street, Vaiden, MS 39176 (MLS# 4135007)