520 Dexter Drive, Flowood, MS 39232 (MLS# 1248704)

520 Dexter Drive, Flowood, MS 39232

$1,417,000

Property Type: Res Income Multi-Fam Lot Size (sq. ft.): 126,324 Status: Closed

Current Price: $1,417,000 List Date: 1/11/2013 Last Modified: 4/15/2025

Overview

Description

This is an investor?s opportunity to own income producing property in an area gaining in value. Adjacent to Flowood?s medical community these 1/1 apartments offer upside potential with minor improvements. These 52 units are divided into 13 4-plexes and the street, Dexter Dr., is a cul de sac so traffic is limited. All units provide refrigerators in addition to washers and dryers. These units produce $525 - $535 per unit monthly and vacancies are consistently low. Appraisal shows Cap Rate of 9.44%. Be sure to see the aerial view to understand the true opportunity this property provides.

Listing Details MLS# 1248704

General Property Information

# of Units Included in Sale: 52
Approx Lot Size Acres: 2.9
Lot Size Dimensions: 230X155X192X194 NE PT
Year Built: 1988
Total Floors: 2
Elementary School: Flowood
Middle or Junior School: Northwest Rankin Middle
High School: Northwest Rankin
Complex Name: PERDUE APARTMENTS

Property Features

Architectural Style: Other Levels: Two Interior Features: High Ceilings Appliances: Exhaust Fan; Plumbed For Ice Maker Window Features: Skylight(s) Laundry Features: Electric Dryer Hookup Security Features: Smoke Detector(s) Cooling: Central Air Heating: Central; Electric Utilities: Cable Available; Cable Connected Sewer: Public Sewer Water Source: Public Foundation Details: Concrete Perimeter; Slab Listing Terms: Cash; Other Roof: Asphalt Shingle Exterior Features: Lighting Fencing: None Parking Features: On Site Community Features: None Waterfront Features: None Flood Insurance: Unknown Lot Size Range: 1 to 5 Acres

Address and Location Information

Street Number: 520
Street Name: Dexter
Street Suffix: Drive
County: Rankin
State: MS
Zip Code: 39232
Parcel Number: F10I000021
Subdivision: Metes And Bounds
Directions to Property: Flowood Dr. between River Oaks Hospital and Flynt Dr. Dexter on the north side of Flowood Dr.

Tax and Financial Information

Tax Annual Amount: 22147
Tax Year: 2011
Legal Description: Parcels F10I000021 and F10I000022 00010

Status Change Info

Contract Date/Pending Date: 2013-03-15
Closing Date: 2013-04-05
Appraised SqFt: 66092

More Information

Waterfront Features

Waterfront: No

Basement Features

Basement: No

Listing Office: Century 21 Prestige

Listing Agent: Bret Baxter

Last Updated: April - 15 - 2025

520 Dexter Drive, Flowood, MS 39232 (MLS# 1248704)