302 Martin Luther King Drive,McComb, MS 39648
McComb, MS 39648
Description
Income-producing property with value-add potential! This renovated 6-unit apartment complex offers investors an opportunity to acquire an established rental property with major improvements already completed. Tucked back off the street, the complex provides a quiet, private setting with a diverse unit mix consisting of three 2-bedroom apartments, two 1-bedroom apartments, and one studio apartment. All six units have undergone extensive renovations, including updated electrical panels, plumbing, mini-split HVAC systems, kitchens, bathrooms, flooring, sheetrock, and fixtures throughout. These substantial improvements may help reduce some of the immediate capital expenditures often associated with older multifamily properties. The property also features an on-site laundry room equipped with 2 washers and 2 dryers for tenant convenience. Currently 5 of the 6 units are occupied, providing immediate rental income with an opportunity to increase occupancy by leasing the remaining unit. The property currently generates approximately $18,000 in annual gross rental income, with additional value-add potential through increased occupancy, future rent optimization, and the possible renovation of additional space into rental units, subject to zoning, permitting, and building requirements. For an investor looking to expand a rental portfolio or enter the multifamily market, this property offers an attractive combination of existing cash flow, extensive completed renovations, multiple unit sizes, and future growth potential. Much of the heavy lifting has already been completed-leaving the next owner an opportunity to build upon an established property and further maximize its income-producing potential.
Details
| MLS # | 4164072 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 37 |
| Listing Provided By | Hometown Realty, Inc | Genia Harrison |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 5,000 |
| Story(s) | 1 |
| Units | 6 |
| Zoning | General Residence District |
| Acreage | 0.06 |
| Water Front | None |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Interior Features | Laminate Counters |
| Window Features | Double Pane Windows |
| Furnished | No |
| Appliances | Electric Water Heater, Free-Standing Electric Range, Refrigerator |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Architectural Shingles, Asphalt |
| Security Features | Smoke Detector(s) |
| Foundation Details | Block, Slab |
| Lot Features | Rectangular Lot, Dumpster |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Common, On Site, Gravel |
Location
| Community Features | Playground, Senior Community, Schools Nearby, Shopping Nearby |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Property | 2325 |
|---|
Area Information
| State | MS |
|---|---|
| County | Pike |
| City | McComb |
| Zip Code | 39648 |
| Area | Pike |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $350,000 low | high Med: $225,000 sqft: 5,000 low | high Med: 1,986 $ / sqft: $70 low | high Med: $113 On site: 37 low | high Med: 440 | |
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The information is being provided by MLS United. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS United. All Rights Reserved.Contact
Learn More About This Property
| State | MS |
|---|---|
| County | Pike |
| City | McComb |
| Zip Code | 39648 |
| Area | Pike |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $350,000 low | high Med: $225,000 sqft: 5,000 low | high Med: 1,986 $ / sqft: $70 low | high Med: $113 On site: 37 low | high Med: 440 | |
The information is being provided by MLS United. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS United. All Rights Reserved.Listing information is deemed reliable but is not guaranteed. If your property is currently listed or you are working with a Realtor, please disregard this advertising.
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Brokerage License Numbers: Tennessee 260833 | Mississippi 20014 | Georgia 79107
Office: 901-221-4041 | Toll Free: 1-888-8-KAIZEN
