$899,900
New Albany, MS 38652
MLS# 26-1929
5000 sqft
1 / 24
Property Description
TURNKEY 13-unit multi-family investment in New Albany! Bodhi's Bungalows is a 100% renovated high demand income-producer operating on a lucrative flexible-living model. Formerly a historic 1950s motel, it has been completely reimagined into a community-centric asset. Unit Mix: 10 1-bed/1-bath units, 2 2-bed/1-bath units and 1 value-add basement unit under renovation. Each unique apartment features a private bath, fridge, and microwave. Premier Amenities & Ancillary Income: Residents enjoy an updated kitchen with stainless appliances and assigned cabinets, a media lounge with a 72'' TV, and an outdoor patio with grills. Boost your NOI immediately with the on-site coin operated laundry and vending machines. Ample parking with a new concrete overflow lot. Excellent cash flow opportunity!
Details
Maps
Contract Information
Directions: I-22 W toward New Albany. Take Exit 60 for MS-15 toward New Albany/Pontotoc. Turn right onto MS-15N/Bankhead St. Turn onto Oak St, property on right.
Current Price: $899,900
Status: Active
Begin Date: 2026-05-29
List Price: $899,900
General Property Description
Realtor.COM Type: Multi-Family
Lot Acres: 0.3
Stories: 1
School District: New Albany Pub Sch
Book Section: Multi-Family
Total SqFt.: 5000
Location, Tax & Legal
Zoning: Commercial
PPIN: 012480
Total Taxes: 1257.99
Legal: B P 202404389 11/08/2024
Area: Union County
House Number: 430
Street Name: Oak
Street Suffix: St.
State/Province: MS
Postal Code: 38652
County: Union
Subdivision: Other
Property Features
Listing Office: Keller Williams
Last Updated: May - 29 - 2026
Information deemed reliable but not guaranteed.