100 Elizabeth Street, Picayune, MS 39466
Local realty services provided by:Better Homes and Gardens Real Estate Traditions
Listed by: amy olson
Office: real broker, llc.
MLS#:4157991
Source:MS_UNITED
Price summary
- Price:$550,000
- Price per sq. ft.:$118.28
About this home
**100 Elizabeth Street | Picayune, Mississippi** **Multifamily Investment Opportunity** This six-unit multifamily property presents an exceptional investment opportunity in the heart of downtown Picayune. Offering stable in-place cash flow, multiple income streams, and immediate upside potential, this asset is well-positioned for investors seeking long-term income and operational flexibility. Property Highlights * Six-unit multifamily property * Three 2-bedroom, 1-bath apartments * Three 1-bedroom, 1-bath apartments * Prime downtown corner location with dual street frontage * Adjoining parcel included for dedicated tenant parking * Municipal utilities * Located in Flood Zone X * Zoned C-2 Downtown Commercial Income-Producing Features * Established rental property with documented operating history * Diversified income through both traditional apartment rentals and an existing furnished corporate rental * Furnished corporate rental has generated income through Airbnb, VRBO, direct bookings, and corporate stays * Furnishings convey with the sale, allowing the next owner to continue operations immediately without additional capital investment * ALL UNITS ARE FULLY LEASED as this property has the Advantage of the property's downtown location which provides convenient access to restaurants, retail, and local businesses, supporting both long-term residential leasing and furnished corporate rental demand. Market conditions indicate low vacancy rates, limited concessions, and strong rental demand, reinforcing the property's stable operating profile. With a balanced unit mix, multiple revenue sources, dedicated off-street parking, and a documented history of income production, this property offers investors a combination of current cash flow and near-term growth potential. Its stabilized operating performance is supported by actual rental income and recurring operating expenses, providing a strong foundation for long-term investment ownership....
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Home facts
- Year built:1940
- Subdivision & Development:None
- Listing ID #:4157991
- Added:55 day(s) ago
- Updated:September 28, 2026 at 03:00 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:6
- Flooring:Vinyl
- Kitchen Description:Kitchen Island
- Living area:4,650 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air, Electric, Window Unit(s), Zoned
- Heating:Ceiling, Central, Electric, Zoned
- Central air:Yes
Structure and exterior
- Year built:1940
- Building area:4,650 sq. ft.
- Lot area:0.23 Acres
- Lot Features:City Lot, Corner Lot
- Construction Materials:Aluminum Siding, Brick
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$118.28
- Tax amount:$4,309 (2025)
Features and amenities
- Laundry features:Inside, Laundry Closet
- Amenities:Aluminum Frames, Ceiling Fan(s), Granite Counters, Laminate Counters, Open Floorplan
Parking
- Total parking spaces:12
- Parking description:Enclosed, Gated, Gravel
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