$1,375,000
$290K PRICE DROP

502 Dorsett Dr Indianola, MS 38751

Estimated payment $9,242/month

Total Views 110,374
40 Beds
24 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Awning
  • Central Heating and Cooling System

About This Home

This 24 Unit Apartment Complex at Oak Manor in Indianola, MS, located in the heart of the Delta, is primed
and ready to go to work for you! Each of the two buildings consist of four one bedroom units and eight two bedroom units. Recently renovated down to the studs of
each unit, this property offers all the amenities your tenants will love, from stainless steel appliances,
granite, and concrete countertops, brand new walls, tile floors, and completely new HVAC equipment. There
is no other property in this condition in the area. The demand for rental units in Indianola is extremely high,
and the quality supply is almost nonexistent. Crank this cash flow machine up and let it get to work!

Listing Agent

Emerson Lovelace

Tom Smith Land & Homes Brokerage Email: tom@tomsmithland.com License #S49193

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,821

Year Built

  • Built in 1975

Lot Details

  • 1.2 Acre Lot

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Awning

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 24 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 24 Units
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 119g-29-00-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,821

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Structure Type: Multi Family
  • Year Built: 1975
  • Lot Size Acres: 1.2
  • Subdivision Name: Metes And Bounds
  • Directions: Directions from the intersection of Hwy 82 and Hwy 49 Indianola, MS: Travel west on Hwy 82 for 0.3 miles, turn right onto Academy Drive, in 0.2 miles turn left onto Dorsett Drive and in 0.2 miles the destination is on the left. Address: 502 Dorsett Drive Indianola, MS 38751
  • New Construction: No
  • Attribution Contact: tom@tomsmithland.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 24
  • Total Bedrooms: 40
  • Furnished: No
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Awning(s)
  • Foundation Details: Brick/Mortar
  • Roof: Metal
  • WaterfrontFeaturesWaterfront: No
  • Construction Type: Brick
  • General Property Information:Accessibility Features: No
  • Exterior Features:Awning(s): Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Heating:Central: Yes

Association/Amenities

  • Tax and Financial Information:Association: No

Lot Info

  • Parcel #: 119g-29-00-023
  • Lot Size Sq Ft: 52272.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 18821.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 24

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Price Changed $1,375,000 -5.2% --
04/16/2024 04/16/24 Price Changed $1,450,000 -9.1% --
09/29/2023 09/29/23 Price Changed $1,595,000 -4.2% --
08/08/2023 08/08/23 For Sale $1,665,000 -- --
Source: MLS United

Source: MLS United

MLS Number: 4055466

MLS United

Mississippi Sunflower County Indianola 38751

502 Dorsett Dr, Indianola, MS

Homes for Sale in Indianola, MS

This home is located at 502 Dorsett Dr, Indianola, MS 38751 and is currently priced at $1,375,000. This property was built in 1975. 502 Dorsett Dr is a home located in Sunflower County with nearby schools including A.W. James Elementary School, Moorhead Central School, and Ruleville Central Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

Listing Agent
Emerson Lovelace
Section Image
Tom Smith Land & Homes
(662) 506-5219