$3,680,000
Verona, MS 38879
MLS# 26-1171
33954 sqft
1 / 16
Property Description
Rare opportunity to acquire a 31-property investment package consisting of the Red Bud & Old Oak Portfolio along w/additional income producing commercial building located at 5069 N Raymond St. The residential portfolio includes 30 single-family homes comprised primarily of newer construction 2-bedroom, 2-bath properties along with a mix of one-bedroom units, a three-bedroom home, and two efficiency-style properties. Many of the homes have been built within the last 10 years and feature durable construction including brick exteriors and metal roofs. The properties offer strong in-place income with additional upside potential through rent increases to market levels. Utilities are primarily tenant paid providing operational efficiency for ownership.
Details
Maps
Contract Information
Directions: S. Gloster St. which becomes Raymond Ave. heading south. Business is at corner of Raymond Ave. and Red Bud Lane.
Current Price: $3,680,000
Status: Active
Begin Date: 2026-03-31
List Price: $3,680,000
General Property Description
Realtor.COM Type: Commerical Property
Lot Acres: 6
Stories: 1
Book Section: Commercial Property
Total SqFt.: 33954
Location, Tax & Legal
Zoning: Mixed Use
PPIN: 41825,37546,26886
Total Taxes: 4590335
Legal: Bk. 2024 Pg. 5321 Bk. 101 Pg. 897 & Bk. 2016 & Pg. 3197
Area: Southeast Lee
House Number: 5069
Street Direction Pfx: N
Street Name: Raymond
Street Suffix: Ave.
State/Province: MS
Postal Code: 38879
County: Lee
Property Features
Listing Office: eXp Realty LLC
Last Updated: April - 07 - 2026
Information deemed reliable but not guaranteed.