SHERI LIPSEY REAL ESTATE

74-104 Tom Bayne Street, West Point, MS 39773

New Listing
$399,999
Property Type: MultiFamily Square Footage: 4,704 Status: Active
Current Price: $399,999 List Date: 2/24/2026 Last Modified: 2/24/2026

Description

74-104 Tom Bayne St - West Point, MS 6 Standalone Rental Homes | Strong Cash Flow | Value-Add Opportunity Rare opportunity to own a 6-unit multifamily property consisting of six individual single-family homes on one parcel. This unique setup offers strong tenant appeal with the privacy of standalone houses while providing the efficiency of multifamily ownership. The property is currently producing $3,565 per month ($42,780 annually) in gross rental income, with significant upside potential. Four units offer value-add opportunity through updates and market rent adjustments, with projected gross income potential of approximately $4,770 per month ($57,240 annually) once stabilized.

Supplements: At the current asking price of $399,999, this asset offers an attractive gross return profile with built-in upside. Investors have the opportunity to increase revenue through strategic improvements while benefiting from diversified income across six separate homes. Property Highlights: " Six standalone residential rental units " Strong in-place income " Significant upside through renovations " Diversified tenant risk across multiple homes " Ideal for long-term buy-and-hold strategy " Located near schools, downtown amenities, and major access routes This property is well-positioned to meet continued rental demand in the area and offers flexibility for both seasoned investors and those looking to expand their portfolio. Opportunities featuring multiple standalone homes on a single parcel are uncommon in this market. Explore the income potential this property offers.

More Information MLS# 26-396

Contract Information

Seller considers allowances/concessions to Buyer: Yes Current Price: $399,999 Begin Date: 2026-02-24 Status: Active List Price: $399,999

General Property Description

Sub-Type: Multi Family Lot Dimensions: 173x440 Total # Units: 6 Manager Company: Swoope Real Estate Furnished: Unfurnished Total SqFt.: 4704

Location, Tax and Other Information

Realtor.COM Type: Multi-Family Flood Zone: No

Garage Type

None: 1

Heat

Central: 1 Natural Gas: 1

Air

Central Air: 1 Gas: 1

Location Tax and Other Information

Area: 09 - Clay County Area House Number: 74-104 Street Name: Tom Bayne Street State/Province: MS Postal Code: 39773 County: Clay Taxes: 1119.45 Tax Year: 2025 Parcel Number: 083C314D 0240000

Property Features

Garage Type: None Heat: Central; Natural Gas Air: Central Air; Gas
Listing Office: SWOOPE REAL ESTATE & PROPERTY MANAGEMENT LLC
Last Updated: February - 24 - 2026
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