508 E Main St., Lumberton, MS 39455
None · Lamar County
Key Facts
Description
VALUE-ADD / HEAVY REHAB OPPORTUNITY - Triplex in Lumberton! Investor special located on a corner lot on the main road in the heart of Lumberton. While the property will require significant repairs and renovation before it's rent-ready, it is structurally in great shape, making it an excellent candidate for a full rehab and long-term cash flow. At just 55k, this is a chance to pick up a multi-unit property at an entry-level price point and build equity through improvements ideal for experienced investors, contractors, or anyone looking for their next value-add project. As an added benefit, there's an option to purchase the neighboring lot as well, giving you added flexibility for extra parking, outdoor space, storage, or future expansion (buyer to verify feasibility and zoning). Bring your vision, your crew, and your plan—this one is all about the potential.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1965
Living Area
2,174 sq ft
Lot Dimensions
.22 Acres
Parking Spaces
1
MLS® Listing#
145260
Property Features
Cooling
Heating
Flooring
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$410
Affordability Calculator
$9,940
Estimated monthly payment
$265/mo
Principal $39,760 · Est. interest $55,469 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lumberton, MS
- $382,353
- Median Listing Price
- 70
- Median Days on Market
- 1,800
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 61
- Active Listings
- This home’s price is 87% below the area median.
- Its price per sq ft is 91% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lumberton, MS.
Location
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Points of Interest in Lumberton, MS
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Lot D-15 Bent Pebble Point, Lumberton, MS | $35,000 | — | — | — |
| 0 Bisbee Drive, Lumberton, MS | $36,000 | — | — | — |
| 8 Channelside (Lot 15), Lumberton, MS | $38,000 | — | — | — |
| 3.35 Ac Crown Zellerback Rd., Lumberton, MS | $38,000 | — | — | — |
| 127 Arthur Lowe Rd- Parcel 1, Lumberton, MS | $39,000 | — | — | — |
| 15 B&O Thompson Rd., Lumberton, MS | $39,000 | 3 | 1 | 939 |
Moving Cost Estimate
EXIT Agents in Lumberton
Listing Courtesy: Real Broker - 2284715211
23760