430 Oak St., New Albany, MS 38652

$899,900

Property Type: MultiFamily Square Footage: 5,000 Status: Active

Current Price: $899,900 List Date: 5/29/2026 Last Modified: 5/29/2026

Overview

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!

Listing Details MLS# 26-1929

Location, Tax & Legal

Area: Union County
House Number: 430
Street Name: Oak
Street Suffix: St.
State/Province: MS
Postal Code: 38652
County: Union
Subdivision: Other

Contract Information

Begin Date: 2026-05-29
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.

General Property Description

Book Section: Multi-Family
Total SqFt.: 5000
Realtor.COM Type: Multi-Family
Lot Acres: 0.3
Stories: Yes
School District: New Albany Pub Sch

Listing Office: Keller Williams

Last Updated: May - 29 - 2026

Information deemed reliable but not guaranteed.