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

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.

More Information MLS# 4135007

Address and Location Information

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

Listing Information

Listing Service: Full Service Status: Active List Date: 2026-01-01 List Price: $1,500,000 Current Price: $1,500,000

General Property Information

New Construction: No Property Condition: Updated/Remodeled # of Units Included in Sale: 28 Approx Lot Size Acres: 3 SqFt Source: Assessor List Price/SqFt: 66.49 Year Built Source: Assessor Total Floors: 2 Bathrooms Half: 0 Bathrooms Three Quarter: 0 Furnished: No School District: Carroll County Dist Accessibility Features: Yes Approx H/C SqFt: 22561 Year Built: 1981 Bedrooms Total: 2 Bathrooms Full: 1

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

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: 1

Levels

Two: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

Affordable Housing: 1 Cash: 1 Conventional: 1 FHA: 1 USDA Loan: 1 VA Loan: 1

Waterfront Features

See Remarks: 1

Showing Requirements

Showing: Appointment Required Appointment Phone: 9016547589

Utilities

Cable Available: 1 Electricity Available: 1 Sewer Available: 1 Water Available: 1

Cooling

Central Air: 1

Heating

Central: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Brick: 1 Brick Veneer: 1

Roof

Architectural Shingles: 1

Exterior Features

See Remarks: 1

Parking Features

Parking Lot: 1

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

Listing Office: Gene Adams Realty

Listing Agent: Gene E Adams

Last Updated: January - 03 - 2026

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