Pending

801 Goodwater Road

Magee, MS 39111
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Bed 7

Bed

Bath 6

Bath

Acres0.26

Acre(Lot)

Exceptional investment opportunity in Magee, Mississippi! This income-producing property features a well-maintained apartment complex consisting of four (4) one-bedroom units and one (1) two-bedroom unit, along with an additional single-wide mobile home, providing a diversified rental income stream. Currently generating approximately $3,900 per month ($46,800 annually) in gross rental income, this property offers immediate cash flow and strong long-term investment potential.The apartment units feature low-maintenance brick construction with a durable metal roof, while the included mobile home adds additional income and flexibility. Situated on a spacious lot with mature shade trees and ample parking, the property is conveniently located near local schools, shopping, and employment centers. With full occupancy potential, multiple income sources, and limited multifamily inventory in the Magee market, this property presents an outstanding opportunity for investors seeking stable returns, portfolio growth, and long-term appreciation. Whether you're a seasoned investor or looking to expand your rental holdings, this turnkey income-producing property is one you won't want to miss.Shown by appointment only. Tenant rights apply.

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Detail Ic Property Details

Property Type : Residential Income

Price : $334,900

AD Id : 85706302

MLS Id : 4153557

Beds : 7

Lot Size : 0.26 Acre

Year Built : 1970

County : Simpson

Subdivision: Virginia Highland

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 6 Full Baths: 6
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1970 Building Area Total: 4170 Construction Materials: Brick Stories: 1 Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Main Square Feet: 0.26 Acres Lot Size Acres: 0.26 Lot Size Square Feet: 11325.6

    Property Information

    Subdivision: Metes And Bounds Source Property Type: Residential Income Levels: One Property Age: 56

  • Listing Price Information

    Listing Price: $334900 1031 Exchange, Cash, Conventional

  • Tax Information

    Parcel Number: 4-057q-00-02200-003-08400 Tax Year: 2025 Annual Tax: $5044 Tax Legal Desc: PT S1/2 NW1/4 SW1/4 N OF GOODWATER RD UNPLATTED LAND SEC 36-1-5 DB 672-80 79 CB 971-619 95 (additional parcel with legal desc as PT S 1/2 NW 1/4 SW 1/4 N of Goodwater Rd SEC 36-1-5 DB 1013-68 97

  • Parking Information

    Parking Total: 6 Paved

  • School Information

    Elementary School: Magee
    Junior High School: Magee
    Senior High School: Magee
  • Utility Information

    Electricity Connected, Water Connected
  • Location Information

    WaterSource: Public
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Information is deemed to be reliable but not guaranteed. Copyright © 2026 MLS United, LLC.

ByOwner last updated this listing 07/18/2026 @ 11:51

MLS: 4153557 LISTED BY: Kimberly Walker, E Speed Realty 601-988-5974 SOURCE: MLS United LLC

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