1423 Jo Ellen Circle
Property Description
Investor Opportunity | 5-Unit Apartment Building | Value-Add Potential Unfinished 5-unit apartment building offering exceptional upside for contractors and investors. The structure is in place with five separate apartments, allowing you to finish or reconfigure to maximize income potential. Planned layout includes: Total (15 bedrooms, 5 bathrooms) Three upstairs units - each with 3 bedrooms, 1 bath, kitchen, and living room Two downstairs units - each with 3 bedrooms, 1 bath, kitchen, and living room Situated on a large lot with a spacious rear backyard. Concrete parking ready in front for all five units. Major upgrades already completed in 2025: Brand-new metal roof Brand-new wood privacy fence enclosing the entire property Fresh exterior paint Two new French double doors Five new mailboxes This is a contractor/investor special, ideal for finishing as designed or reimagining the layout for maximum rental income. Sold AS IS. Buyer to verify square footage, unit count, and configuration with the City.
Broker Details
Keller Williams MS Gulf Coast (228) 275-7500
MLS ID: mu.wackee State License Number: S57105
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $290,000 |
| No. of Units: | 5 |
| Year Built: | 1970 |
| Lot Size: | 3,120.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $58,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 15 |
| Number of Bathrooms: | 5 |
ID: 3yd-MGCMLSMS-4138627
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
311 Barren Spot KI
St. Croix, Virgin Islands
12-BA Colquohoun KI
St. Croix, Virgin Islands
1533 S Bronough Street, Unit 0
Tallahassee, FloridaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout