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5069 N Raymond Ave., Verona, MS 38879

$3,680,000
Property Type: Commercial Sale Square Footage: 33,954 Lot Size (sq. ft.): 261,360 Status: Active
Current Price: $3,680,000 List Date: 4/06/2026 Last Modified: 4/07/2026

Overview

Description

Rare opportunity to acquire a 31-property investment package consisting of the Red Bud & Old Oak Portfolio along w/additional income producing commercial building located at 5069 N Raymond St. The residential portfolio includes 30 single-family homes comprised primarily of newer construction 2-bedroom, 2-bath properties along with a mix of one-bedroom units, a three-bedroom home, and two efficiency-style properties. Many of the homes have been built within the last 10 years and feature durable construction including brick exteriors and metal roofs. The properties offer strong in-place income with additional upside potential through rent increases to market levels. Utilities are primarily tenant paid providing operational efficiency for ownership.

Listing Details MLS# 26-1171

Location, Tax & Legal

Area
Southeast Lee
House Number
5069
Street Direction Pfx
N
Street Name
Raymond
Street Suffix
Ave.
State/Province
MS
Postal Code
38879
County
Lee
Zoning
Mixed Use
PPIN
41825,37546,26886
Total Taxes
4590335
Legal
Bk. 2024 Pg. 5321 Bk. 101 Pg. 897 & Bk. 2016 & Pg. 3197

Contract Information

Begin Date
2026-03-31
Directions
S. Gloster St. which becomes Raymond Ave. heading south. Business is at corner of Raymond Ave. and Red Bud Lane.

General Property Description

Realtor.COM Type
Commerical Property
Book Section
Commercial Property
Total SqFt.
33954
Lot Acres
6
Stories
Yes
Listing Office: eXp Realty LLC
IDX
Last Updated: April - 07 - 2026
Information deemed reliable but not guaranteed.