Description

The population in the sunny town of Itta Bena is 2,200. Greenwood, which is about 10 minutes away has a population of around 18,000.

This charming duplex / bungalow was built in 1960 and is 1,468 square feet with 4 Bedrooms and 2 Bathrooms. As you can see from the recent photos that it does need some rehab work, but once done you will have a marvelous and spacious home. Either move in or use it as a rental. This should make a good rental once repaired.

When fixed up this 4 bedroom 2 bathroom bungalow on a good sized plot should command a rental income between $375 and $475 per month. A low ball park figure of $400 per month would represent a gross annual income of $4,800. With the financing we are offering, (see below), you would be in very good profit immediately you have a tenant.

Is it hard to be a Landlord? No! Once you have your house in good condition, commission a local real estate agent to manage it for you; for between 10-15% they will do everything.

We are a British Corporation that has been trading for 18 years. We specialize in interesting and often unusual properties. This particular one we purchased from a US Corporation who had purchased it as a former tax deed property. It cannot be reclaimed by any former owner and title is good. Should you be inclined, you can get title insurance from Tax Title Services of Costa Mesa, CA. This property is sold with with a standard Quitclaim Deed.

Normally we use a lawyer local to the house/estate being sold to conduct the complete transfer of the property to the buyer. This is for your protection as well as ours.

In ALL CASES the property remains on the open market and is available for sale until a deposit / down payment has been confirmed. Again, in ALL CASES, the buyer will be responsible for all legal costs and deed recording, up to but not exceeding $500 even if the buyer subsequently aborts the purchase. Premiums for title insurance, as and when elected remain the buyers responsibility.

The only exception to the above fees are when FULL payment is made directly to our banks, in which case we would record the deed and there would be no additional charges. ALWAYS if we are providing financing, we use a local lawyer.

We provide owner financing in the form of a private mortgage secured against the house/estate being sold. Alternatively, we sometimes provide 'Rent to Purchase' options.

This is how we operate. We do not do credit checks, but we do expect our buyers to invest some capital even if it is raised against a credit card.

Whether this is to be your new home or whether it is a real estate investment, we like to make purchasing real estate easy and trouble free! We do not ask embarrassing questions or seek details of your private affairs. However, in return we ask for honesty and integrity. A house in this location at this low price does need some work. You will either have to do this yourself or employ someone to help you. If you have never done up a house before, take courage. If you are able bodied you will be surprised what you can achieve, especially when it is your own house you are doing up! Re-habing an old house can be great fun. You can put an bit of yourself into it. When it is all finished you have a monument of your labours. Few jobs offer such satisfaction! Why not park a trailer home beside the house whilst you decorate it? This way you can do things at you leisure. Mind you, if you move straight on in, you will be amazed at what a weeks work with a paint brush can achieve - and oh! the joy.

Well, its up to you, you know whether or not this is for you. We have not seen the inside. However, from our experience, of real estate and looking at the photos, a months hard work and this house will be worth many times more than most people can earn in a regular job. Fix it up and rent it out. A small investment of time, money, sweat and grunt and you will have a rental income that will take care of you in the future. Give up a vacation this year and it will PAY for all your vacations hereafter!

Please do not ask for more details of the house. Everything we know about the house is in this advert. These are the only photos we have at the moment, but they were taken very recently.

Full Cash Purchase Price just ------ $11,500 Yes, we would prefer a straight cash deal !

Owner financing: $3,500 DOWN PAYMENT and we will carry a note, secured against the property, of $10,000 for four years, (48 months) With ZERO INTEREST ! That is just $208 per month. This is less than the rent you could collect! Doesn't that sound like a good deal? NOTE: No early repayment penalties! You insure the buildings and pay all outgoings. (Maybe your credit card will even cover the deposit. Just think! You could become a property developer / real estate investor with literally - NO MONEY DOWN!)

As usual, a condition of any financing arrangement is that you the buyer must keep the buildings adequately insured.

We want to help you, but you must help us. No dilly dallying! This house stays on the open market until either we or our lawyers have received a deposit!! If you want to buy, get cracking! Don't let anyone beat you to this cherry ripe bargain!

REMEMBER, THIS SPACIOUS FOUR BEDROOMED TWO BATHROOMED HOUSE IS ON A LARGE LOT IN SUNNY SOUGHT AFTER MISSISSIPPI, NOT IN THE COLD INDUSTRIAL NORTH. NOT IN BUFFALO OR OHIO OR ILLINOIS WHERE EVERYONE IS ESCAPING FROM!

Go and have a look, peep through the windows, but please do not try to break in. We have asked the sheriff to keep an eye on this place for us! Please take a print out of this advert with you.

Average weather in Itta Bena, Mississippi

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Average temp. (°F)	42.9	47.7	55.6	63.4	71.8	78.9	82.0	81.0	75.3	64.8	54.1	45.9
High temperature (°F)	51.6	57.4	65.9	74.2	82.0	89.0	91.9	91.4	86.2	76.6	64.4	54.9
Low temperature (°F)	34.0	37.9	45.2	52.5	61.5	68.9	72.1	70.5	64.3	52.9	43.8	36.7
Precipitation (in)	5.4	4.6	6.0	5.6	5.5	4.6	4.5	2.5	3.3	3.4	5.3	5.8

Normal climate around Itta Bena, Mississippi

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Days with precip.	11	9	11	9	10	9	10	8	7	7	9	10
Wind speed (mph)	8.3	8.6	8.9	8.3	7.1	6.3	5.6	5.5	6.3	6.4	7.3	8.0
Morning humidity (%)	83	82	82	86	88	89	90	91	91	89	86	84
Afternoon humidity (%)	68	64	60	59	61	62	64	63	62	60	63	67
Sunshine (%)	51	54	60	68	67	72	70	70	68	67	55	48
Days clear of clouds	8	8	8	9	8	9	9	11	11	14	10	9
Partly cloudy days	6	6	7	7	10	11	12	12	9	7	6	6
Cloudy days	17	15	16	13	13	9	9	8	9	10	14	17
Snowfall (in)	1.1	0.6	0.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.3

Hospitals/medical centers near Itta Bena:

GREENWOOD LEFLORE HOSPITAL (about 11 miles; GREENWOOD, MS)
NORTH SUNFLOWER COUNTY HOSPITAL (about 22 miles; RULEVILLE, MS)
SOUTH SUNFLOWER COUNTY HOSPITAL (about 24 miles; INDIANOLA, MS)

Airports certified for carrier operations nearest to Itta Bena:

MID DELTA RGNL (about 46 miles; GREENVILLE, MS; ID: GLH)
UNIVERSITY-OXFORD (about 82 miles; OXFORD, MS; ID: UOX)
JACKSON INTERNATIONAL (about 85 miles; JACKSON, MS; ID: JAN)

Other public-use airports nearest to Itta Bena:

GREENWOOD-LEFLORE (about 17 miles; GREENWOOD, MS; ID: GWO)
RULEVILLE-DREW (about 23 miles; DREW, MS; ID: M37)
INDIANOLA MUNI (about 24 miles; INDIANOLA, MS; ID: IDL)

College/University in Itta Bena:

MISSISSIPPI VALLEY STATE UNIVERSITY (Full-time enrollment: 2,297; Location: 14000 HIGHWAY 82 WEST;

Other colleges/universities with over 2000 students near Itta Bena:

MISSISSIPPI DELTA COMMUNITY COLLEGE (about 13 miles; MOORHEAD, MS; Full-time enrollment: 2,486)
DELTA STATE UNIVERSITY (about 36 miles; CLEVELAND, MS; FT enrollment: 3,288)
HOLMES COMMUNITY COLLEGE (about 49 miles; GOODMAN, MS; FT enrollment: 2,485)
NORTHWEST MISSISSIPPI COMMUNITY COLLEGE (about 81 miles; SENATOBIA, MS; FT enrollment: 3,842)
UNIVERSITY OF MISSISSIPPI MAIN CAMPUS (about 81 miles; UNIVERSITY, MS; FT enrollment: 11,068)
MISSISSIPPI COLLEGE (about 82 miles; CLINTON, MS; FT enrollment: 2,904)
JACKSON STATE UNIVERSITY (about 83 miles; JACKSON, MS; FT enrollment: 5,955)

Public primary/middle school in Itta Bena:

LEFLORE COUNTY ELEMENTARY SCHOOL (Students: 684; Location: 401 LAKESIDE DRIVE; Grades: KG - 06)

All of the following photos are borrowed and show you what Itta Bena is like:

Itta Bena. ("Home in the Woods") Plantation home site from which town was named of Brig. Gen. Ben J. C. Humphrey's, CSA.

(Elected governor of Mississippi, Oct, 1865. Forcibly removed by Carpetbag regime June 1868)

Bidder/Buyer acknowledges that Bidder has either inspected the property or waived their right to inspect this property before bidding/agreeing to purchase. All statements within in this advert are made in good faith and are believed to be correct. However, Buyer is relying only on their inspection and research of the Real Estate made by Buyer and is not relying on any oral statement or other concerning the physical condition of the Real Estate. The Buyer is deemed to have done due diligence.