2 months on rocket

616 N Bayou Ave, Cleveland, MS, 38732

$945,000

Home List Price

$10,000*

Closing Credit

28 Bedrooms
17 Full Baths
13,152 SqFt
$72/SqFt
Multi

Location

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616 N Bayou Ave, Cleveland$945,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingConcrete
Year Built1991
HeatingCentral, Electric
CoolingCentral Air
MLS #4089025
Lot Size0.92 Acres
StatusActive

About 616 N Bayou Ave

This investment opportunity includes 14 residential rental units on a 0.92+/- acre lot, featuring four triplexes and a duplex. There is also an additional pad site ready for development. The property has a potential income of $11,000 monthly or $132,000 annually. Located near the Cleveland Country Club, Delta State University, and Downtown Cleveland, it offers convenience and appeal for tenants. Annual Expenses: Taxes: $16,974 Water: $6,000 Garbage: $3,132 Common Area Maintenance: $3,000 Insurance: $6,720 4 Units are 4 Bed, 2 Bath 8 Units are 2 Bed, 1 Bath The Duplex is 1 Bed, 1 Bath on each side Call today to discuss the investment potential and to schedule your private showing.

Property Details

Property Features

Property Information:

  • Year Built: 1991
  • Stories: 2
  • Living Area: 13,152 SqFt

Listing Office:

  • Office Name: Tom Smith Land & Homes
  • Office Phone: (662) 441-2500
  • Listing Agent: Tracey Bell

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 17
  • Total Bedroom Count: 28

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Attached Garage: No
  • Parking: Concrete

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 0.92 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $945,000
  • Price Per SqFt: $72/SqFt

Tax Information:

  • Annual Amount: $15,429
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Cleveland, MS.

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Cleveland, MS

City

Med. List Price

$166.5K

Med. Price/SqFt

$101

Avg. Days On Market

151

# of Sold Homes

1

616 N Bayou Ave vs Cleveland

61 DAYS ON ROCKET

-90 Days

$945,000

+$778.5K More

$72/SqFt

-$30 Less

KEY TAKEAWAY

This property is $778.5K more than the Median List Price and $30/SqFt less than other homes in Cleveland, MS.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS United
  • MLS Number: #4089025

Listing Office:

  • Office Name: Tom Smith Land & Homes
  • Office Phone: (662) 441-2500
  • Listing Agent: Tracey Bell

Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 9:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$15,429$93,251
2018$14,256$93,251
2017$14,256$88,710

History based on county public records data.

Payment Calculator

$4,784

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,900

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

We're sorry, we currently don't have elementary school data for this listing.

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,556. Residents of Cleveland, MS typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Mississippi›Bolivar County›Cleveland›38732›616 N Bayou Ave

This home is located at 616 N Bayou Ave in Cleveland, MS and zip code 38732. This 13,152 square foot home, which was built in 1991, sits on a 0.92 acre lot. Features: 28 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $945,000.

The number of homes for sale in Cleveland, MS increased by 5.7% between October 2024 and November 2024. In November 2024 median list price was $166,500 and the average listing age was 151 days.

From Rocket Homes Real Estate and based on county public records data.

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