Investment Opportunity on 2 Acres in Tupelo $95,000

Welcome to 190 Road 151, Tupelo, MS, a well-maintained three-bedroom, two-bath home offering approximately 1,305 square feet of comfortable living space on a spacious 2-acre lot. Combining a practical floor plan, recent cosmetic improvements, generous land, and an established rental arrangement, this property presents an appealing opportunity for investors looking to add an income-producing asset to their portfolio.

The home offers a comfortable residential layout with three bedrooms and two full bathrooms, providing flexibility for a variety of household needs. With more than 1,300 square feet of living space, there is enough room for everyday living without creating excessive maintenance demands.

Inside, the property features a combination of tile and wood flooring throughout, offering durable and practical surfaces that are well suited to rental use. The flooring creates a clean appearance while helping make routine maintenance more manageable.

Fresh interior paint adds to the home’s updated presentation. The refreshed interior gives the property a clean and welcoming feel and provides a neutral foundation for the current occupants or future residents.

The home also features newer light fixtures, providing another simple but meaningful improvement to the interior. Updated fixtures can help enhance the overall appearance of the rooms while contributing to a more contemporary feel.

One of the property’s biggest advantages is the 2-acre lot.

The generous parcel provides significantly more outdoor space than many residential rental properties. The acreage offers room for outdoor activities, gardening, recreation, landscaping, or simply enjoying a more spacious setting.

For investors, the larger parcel can also contribute to the property’s long-term appeal. Buyers should independently verify property boundaries, zoning, restrictions, easements, and any limitations on future improvements or additional structures.

Established Rental Income

The property is currently tenant occupied under a 12-month lease, providing an immediate income-producing opportunity for a qualified investor.

The current lease generates $1,250 per month in rent, and the tenancy is described as unsubsidized.

For an investor searching for a property that already has an established rental arrangement, this can offer an advantage over purchasing a vacant property that requires immediate marketing and tenant placement.

The current lease and rental terms should be independently reviewed by prospective buyers. Buyers should verify the lease expiration date, security deposit, payment history, lease terms, tenant responsibilities, landlord responsibilities, and all other applicable rental documentation during the due-diligence period.

Because the home is currently occupied, showings are being handled by appointment and limited to serious buyers. Appropriate notice and coordination with the occupants will be required.

Prospective investors should respect the existing tenancy and work through the listing representative to arrange any approved property visits.

A Practical Investment Property

The combination of three bedrooms, two bathrooms, 1,305 square feet, and two acres creates a practical property profile for a rental investment.

Three-bedroom homes can appeal to a broad range of tenants, including households looking for additional bedrooms, home-office space, guest accommodations, or flexible living arrangements.

The two-bathroom configuration adds additional convenience and can help make the home more functional for multiple occupants.

The property’s relatively straightforward layout and updated interior features may also help keep routine maintenance manageable, although buyers should always conduct their own inspection and financial analysis before purchasing.

Investors should evaluate all anticipated ownership expenses, including property taxes, insurance, maintenance, utilities paid by the owner, management costs, potential vacancy, repairs, and other operating expenses when determining the property’s expected return.

Spacious Land and Outdoor Potential

The two-acre parcel provides an important distinction from many traditional rental homes.

Instead of a small residential lot, this property offers a substantial amount of land surrounding the home. That additional space can provide privacy and a more relaxed atmosphere for residents.

The acreage could be appealing to tenants who enjoy outdoor living, gardening, recreational activities, or simply having more room around their home.

Depending on applicable regulations, there may also be potential for future improvements, landscaping projects, storage solutions, or other permitted uses.

However, buyers should verify all zoning and land-use requirements before assuming that additional structures, subdivisions, agricultural activities, or other improvements are permitted.

Condition and Recent Improvements

The home is described as well maintained and includes several improvements that contribute to its clean appearance.

The combination of fresh interior paint, newer light fixtures, and tile and wood flooring gives the property a refreshed presentation without relying on extensive cosmetic renovations.

The flooring choices are also practical for a rental environment. Tile can be useful in areas where durability and easy cleaning are important, while wood flooring adds warmth and character to living areas.

Buyers should nevertheless arrange for a professional inspection to evaluate the home’s structural and mechanical condition.

Particular attention should be given to the roof, foundation, HVAC system, electrical components, plumbing, water heater, windows, appliances, drainage, and other major systems.

The phrase “well maintained” should not replace independent due diligence, and prospective purchasers should verify all property information before closing.

Potential Portfolio Addition

For an investor building or expanding a rental portfolio, 190 Road 151 offers several characteristics worth considering.

The property already has an established tenant and lease, eliminating the immediate need to locate a new occupant assuming the lease remains in effect through closing.

The existing three-bedroom, two-bath configuration provides broad residential functionality.

The 1,305-square-foot size offers a practical balance between usable living space and manageable maintenance.

The two-acre lot adds an additional element of value and differentiation.

And the recent interior improvements provide a clean presentation that may help support continued rental appeal.

Investors should compare the current $1,250 monthly rent against comparable rental properties in the surrounding area to determine whether the existing lease reflects current market conditions.

The annual scheduled rent based on $1,250 per month is $15,000, before accounting for taxes, insurance, repairs, vacancy, management, and other expenses.

A complete investment analysis should therefore consider both the property’s current cash flow and its longer-term potential.

Due Diligence for Buyers

Because the home is tenant occupied, prospective buyers should review all available documentation before proceeding.

Important items may include:

Current lease agreement
Lease expiration date
Security deposit information
Rental payment history
Property tax information
Insurance costs
Utility responsibilities
Maintenance responsibilities
Existing inspection reports
Recent repair records
Property boundaries and acreage
Zoning and restrictions
Any easements or access agreements

Buyers should also independently verify the home’s square footage, bedroom and bathroom count, acreage, school information, taxes, utilities, and all other material facts.

From: Zillow

Any investor considering financing should consult their lender regarding the property’s tenant-occupied status and the applicable loan requirements.

Property Highlights

3 bedrooms
2 full bathrooms
Approximately 1,305 square feet
2-acre lot
Tile and wood flooring
Fresh interior paint
Newer light fixtures
Well-maintained property
Currently tenant occupied
12-month lease
Current rent of $1,250 per month
Unsubsidized rental arrangement
Potential immediate rental income
Suitable for investors or rental portfolio buyers
Showings by appointment
Serious buyers only

Overall, 190 Road 151 offers a combination of established rental income, practical living space, recent cosmetic improvements, and an unusually spacious 2-acre parcel.

For an investor searching for a property that can potentially provide income from day one while offering substantial land and long-term flexibility, this Tupelo opportunity deserves consideration.

The existing tenancy provides an important starting point, while the home’s three-bedroom, two-bath layout and clean interior create a practical rental profile.

Tenant occupied—showings are by appointment for serious buyers only. Buyers are encouraged to complete all inspections, verify rental and financial information, and perform their own due diligence before purchase.

From: Zillow