1109 N. Yale Street
Cleveland, MS 38732
$124,000 – 4 Bedroom, 2 Bath Home
This 4-bedroom, 2-bath home in Cleveland, Mississippi is currently configured as a 2-bedroom 1-bath home with an attached rental unit, a 1-bedroom apartment with private entry. The house sits on a sizeable lot with a large backyard shed/garage. There are window AC units with gas heating; flooring is hard wood with some cement and contact flooring. Unit 1 (the 2 bedroom) is currently rented through February 28, 2025, and Unit 2 (the 1 bedroom) through November 30, 2024; however, the house can be purchased anytime if leases are honored or a tenant buy-out is arranged.
1109 N. Yale is just a 20-minute walk from Delta State University and from downtown Cleveland. It’s across the street from a neighborhood park, on a quiet street with very little through-traffic. It’s a great house for buyers who may wish to defray their expenses by renting the 1-bedroom apartment, which currently rents for $675 a month. The 2-bedroom 1-bath unit rents for $900 a month, which could pay a single owner’s mortgage, cover all utilities, and then some.
1109 N. Yale is also a great investment property, earning $1,575 per month, or $18,900 annually.
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