Contact: John | 662-686-8757 Sight unseen offers prioritized. Quick close wanted.
Status: Main Duplex house delivered vacant at close; attached studio tenant in place (Section 8, $550/mo incl. utilities) Bed/Bath: 2/2 main house + attached studio w/ full bath and kitchenette Living Area: 1,400 sqft | Lot Size: 0.35 acres
Roof: New metal roof, 2025
HVAC: Central heat and air, ~3 yrs Foundation:
Solid Plumbing: PEX
Electric: Rewired 2020
Condition: Floors redone, needs interior paint only. City water and sewer. Glassed-in front porch.
Second building (rear): Detached concrete block studio with carport. Full shower, electric already run. Currently used as storage, built to be a studio. Your third door.
The numbers Two rented doors at $32,450 each. Studio cash-flowing day one. HUD FY2026 voucher rents for 72415: $880 (2BR) + $630 (studio) = $1,510/mo on a $64,900 basis, 28% gross before the rear studio. New metal roof, newer HVAC, PEX, rewired. Nothing to fix but paint. Pure cash flow rental.
Why there’s a renter here
Williams Baptist University in Walnut Ridge, 5 minutes away. Students, staff, faculty all rent.
Peco Foods poultry plant a few miles up in Randolph County. Large share of Lawrence County residents commute to it. That’s the W-2 tenant base.
Walnut Ridge industrial employers: Frit Industries, Morgan Buildings & Spas, Douglas/Quikut, plus the rail line and the airport/industrial park.
Black River fishing and duck hunting country, Powhatan Historic State Park next door. Hunting season and weekend rental demand is real here.
Black Rock Foothills Celebration Nov 6–7, one block from the house. ~1,000 visitors into a town of 600.
HUD-approved studio already in place. Voucher rents are set at the county level and hold regardless of the local for-sale market.
Market (Lawrence County, Redfin through Aug 2026)
Median sale price $134,051, up 31.4% YoY
Median DOM 33 days
You’re buying at under half the county median with a tenant and a new roof in place.
Asking: $64,900 (reduced from $79,000) Contact: John | 662-686-8757
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $170,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $65,000.