OWNER/AGENT
Investment Opportunity - 10-Unit Multi-Family Property on 2 Acres
Rare opportunity to own a well-maintained, income-producing 10-unit multi-family property situated on a spacious 2-acre parcel. This turnkey investment is 100% occupied and boasts strong, consistent cash flow with a reliable management team already in place.
Each building on the property has seen significant capital improvements, including new roofs installed within the last five years and individual septic systems for each building replaced in 2022.
Active
$600,000
23027 Indian Ridge Rd, Picayune, MS 39466
16beds
9,733sqft
Est.:
Multi Family, Duplex
Built in 2006
-- sqft lot
$-- Zestimate®
$62/sqft
$-- HOA
What's special
- 115 days |
- 244 |
- 21 |
Zillow last checked: 8 hours ago
Listing updated: September 10, 2025 at 09:34am
Listed by:
Nick Ray 228-547-0087,
RE/MAX Results In Real Estate, Inc. 228-388-4360
Source: MLS United,MLS#: 4125178
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Interior area
- Total structure area: 9,733
- Total interior livable area: 9,733 sqft
Video & virtual tour
Property
Parking
- Parking features: Shared Driveway, Unpaved, Gravel
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: See Remarks
- Fencing: None
Lot
- Size: 2.02 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 036023038.013
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
Materials
- Brick Veneer, Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Septic Tank, See Remarks
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: Metes And Bounds
Location
- Region: Picayune
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $393,313
- Annual tax amount: $6,117
- Date on market: 9/10/2025
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,589/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2025 | Listed for sale | $600,000+33.3%$62/sqft |
Source: MLS United #4125178 Report a problem | ||
| 1/10/2020 | Sold | -- |
Source: MLS United #18308003_3352859 Report a problem | ||
| 1/2/2020 | Pending sale | $450,000$46/sqft |
Source: Gardner Realtors GC #172562 Report a problem | ||
| 9/2/2019 | Listed for sale | $450,000$46/sqft |
Source: GARDNER REALTORS-BSL #352859 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,226 +2.3% | $58,997 +4.8% |
| 2023 | $6,087 -1.9% | $56,270 +0.1% |
| 2022 | $6,207 -5.5% | $56,187 -5.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,897/mo
Principal & interest
$2327
Property taxes
$360
Home insurance
$210
Climate risks
Neighborhood: 39466
Nearby schools
GreatSchools rating
- 4/10Nicholson Elementary SchoolGrades: K-6Distance: 7.3 mi
- 4/10Picayune Junior High SchoolGrades: 7-8Distance: 7.1 mi
- 6/10Picayune Memorial High SchoolGrades: 9-12Distance: 7.1 mi
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