302 Martin Luther King Drive, Mccomb, MS 39648
302 Martin Luther King Drive, Mccomb, MS 39648
302 Martin Luther King Drive, Mccomb, MS 39648
30
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$350,000
Est. payment /mo
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5 Beds
6 Baths
5,000 SqFt
New

302 Martin Luther King Drive Mccomb, MS 39648

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Leslie Bourgeois

Leslie Bourgeois

+1(228) 697-5161

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $70

Subdivision Metes And Bounds

MLS Listing ID 4164072

Bedrooms 5

Full Baths 6

HOA Y/N No

Year Built 1954

Annual Tax Amount $2,325

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 15x200

Source MLS United

Property Description

Income-producing property with value-add potential! This renovated 6-unit apartment complex offers investors an opportunity to acquire an established rental property with major improvements already completed. Tucked back off the street, the complex provides a quiet, private setting with a diverse unit mix consisting of three 2-bedroom apartments, two 1-bedroom apartments, and one studio apartment. All six units have undergone extensive renovations, including updated electrical panels, plumbing, mini-split HVAC systems, kitchens, bathrooms, flooring, sheetrock, and fixtures throughout. These substantial improvements may help reduce some of the immediate capital expenditures often associated with older multifamily properties. The property also features an on-site laundry room equipped with 2 washers and 2 dryers for tenant convenience. Currently 5 of the 6 units are occupied, providing immediate rental income with an opportunity to increase occupancy by leasing the remaining unit. The property currently generates approximately $18,000 in annual gross rental income, with additional value-add potential through increased occupancy, future rent optimization, and the possible renovation of additional space into rental units, subject to zoning, permitting, and building requirements. For an investor looking to expand a rental portfolio or enter the multifamily market, this property offers an attractive combination of existing cash flow, extensive completed renovations, multiple unit sizes, and future growth potential. Much of the heavy lifting has already been completed—leaving the next owner an opportunity to build upon an established property and further maximize its income-producing potential.

Location

State MS

County Pike

Community Playground, Senior Community, Schools Nearby, Shopping Nearby

Direction Take Harrison Ave and Aston Ave to W Georgia Ave 4 min (1.1 mi) Head south 10 ft Turn left 0.1 mi Turn right onto Marilyn Butler Dr 285 ft Turn right onto Llewellyn Ave 276 ft Continue onto Harrison Ave 0.5 mi Turn left onto West Avenue Turn right onto Aston Ave Turn right onto W Georgia Ave Take Summit St Turn left onto M.L.K. Jr Dr 0.2 mi Turn right Destination will be on the left

Rooms

Other Rooms Storage

Interior

Interior Features Laminate Counters

Heating Central

Cooling Central Air

Flooring Vinyl

Furnishings No

Window Features Double Pane Windows

Appliance Electric Water Heater, Free-Standing Electric Range, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Exterior Feature None

Parking Features Common, On Site, Gravel

Community Features Playground, Senior Community, Schools Nearby, Shopping Nearby

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

Roof Type Architectural Shingles,Asphalt

Garage No

Building

Lot Description Rectangular Lot, Dumpster

Foundation Block, Slab

Sewer Public Sewer

Water Community

Level or Stories One

Structure Type None

New Construction No

Others

Tax ID 501080

Virtual Tour https://www.propertypanorama.com/302-Martin-Luther-King-Drive-McComb-MS-39648/unbranded

MLS United(Mississippi)
Information is deemed to be reliable but not guaranteed. Copyright © 2026 MLS United, LLC.
Listed by Hometown Realty, Inc

NEARBY SCHOOL & BUSINESS

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Leslie Bourgeois

Leslie Bourgeois

Managing Broker License ID: 15928

+1(228) 697-5161

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302 Martin Luther King Drive