Description
Well-maintained 28-unit Project-Based Section 8 multifamily community located at 411 Court Street, Vaiden, MS. The property is 95% occupied and benefits from a long-term HUD HAP contract in place through 2036, providing stable, government-backed income. Built in 1981, the asset spans approximately 21,926 SF on ±3.44 acres and is zoned R-4 Multifamily. Positioned in the county seat of Carroll County with convenient access to Highway 51 and Highway 35, and supported by nearby retail, medical, and educational amenities. Turnkey affordable housing investment with long-term cash flow and future redevelopment or 4%/9% LIHTC potential.
Details
| MLS # | 4135007 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 245 |
| Listing Provided By | Gene Adams Realty | Gene E Adams |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 22,561 |
| Story(s) | 2 |
| Units | 28 |
| Acreage | 3.00 |
| Water Front | See Remarks |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Furnished | No |
Exterior
| Exterior Features | See Remarks |
|---|---|
| Roof | Architectural Shingles |
| Construction Materials | Brick, Brick Veneer |
| Foundation Details | Slab |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
Utilities
| Utilities | Cable Available, Electricity Available, Sewer Available, Water Available |
|---|
Taxes
| Property | 22837 |
|---|
Area Information
| State | MS |
|---|---|
| County | Carroll |
| City | Vaiden |
| Zip Code | 39176 |
| Area | Carroll |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,500,000 low | high Med: $229,500 sqft: 22,561 low | high Med: 2,780 $ / sqft: $66 low | high Med: $83 On site: 245 low | high Med: 42 | |
Request a showing
Request a showing
The information is being provided by MLS United. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS United. All Rights Reserved.Contact
Learn More About This Property
| State | MS |
|---|---|
| County | Carroll |
| City | Vaiden |
| Zip Code | 39176 |
| Area | Carroll |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,500,000 low | high Med: $229,500 sqft: 22,561 low | high Med: 2,780 $ / sqft: $66 low | high Med: $83 On site: 245 low | high Med: 42 | |
Listing Updated: May 22, 2026 at 9:42:29 AM PDT