Investor Special on Highway 61

Located at 24776 N Highway 61 in Coahoma, Mississippi, this property presents a compelling opportunity for investors, renovators, or homeowners ready to take on a restoration project. Built in 1923 and offering 1,906 square feet of interior living space, this traditional-style single-family home sits on approximately 0.5 acres and provides a solid footprint for transformation.

This home requires significant repairs and updates, but for the right buyer, it offers a blank canvas with strong upside potential. With thoughtful renovation and strategic improvements, this property could become a charming country residence, income-producing rental, or long-term investment asset.

Property Overview

Address: 24776 N Highway 61

City: Coahoma, MS

Living Area: 1,906 Sq Ft

Bedrooms: 3

Bathrooms: 2 Full

Lot Size: 0.5 Acres

Year Built: 1923

Stories: 1

Architectural Style: Traditional

Exterior Materials: Brick & Wood Siding

Foundation: Conventional

Roof: Asphalt

Parking: 2-Car Carport

Sewer: Public Sewer

Water: Public

With nearly 2,000 square feet, this home provides a generous layout rarely found at this price point.

Interior Layout & Features

The home includes:

Three bedrooms

Two full bathrooms

Single-level floor plan

Spacious interior footprint

The one-story layout offers convenience and accessibility, making it appealing for families, retirees, or rental tenants.

Living Areas

With 1,906 square feet, there is ample space for reimagining the interior. The home’s layout can potentially accommodate:

A large open living and dining concept

An expanded kitchen

A private primary suite

Flexible family room or office space

The home does not include a fireplace, offering a clean starting point for redesign.

Heating & Cooling

Heating: Forced Air

Cooling: Ceiling Fans

The forced-air system provides a foundation for climate control, though buyers should inspect functionality and plan for updates if necessary.

Kitchen & Appliances

No appliances are currently included, allowing buyers to fully customize the kitchen during renovation. This can be advantageous for investors aiming to modernize the space to increase resale or rental value.

Exterior & Lot
Half-Acre Lot

The property sits on approximately 0.5 acres, offering:

Room for landscaping improvements

Potential garden space

Outdoor entertaining area

Expanded parking or storage (subject to local regulations)

A half-acre parcel along Highway 61 provides both space and accessibility.

Carport & Parking

2-Car Carport

Electricity available on property

Covered parking is a valuable feature for both owner-occupants and renters, particularly in Mississippi’s climate.

Porch

A porch adds character and enhances curb appeal. With restoration, this space could become a welcoming outdoor sitting area.

Utilities

Public Water

Public Sewer

Electricity Available

Propane Available

Access to public sewer and water simplifies renovation planning compared to properties requiring septic or well systems.

Location – Highway 61, Coahoma, MS

Situated along Highway 61, this property offers convenient access and visibility. Highway frontage can be advantageous for:

Easy commuting

Accessibility for contractors during renovation

Potential future permitted uses (buyer to verify zoning)

Coahoma County is known for its rich cultural history and Mississippi Delta heritage. The area offers rural charm while maintaining roadway connectivity.

Investment Potential

At approximately $8 per square foot (reference only), this property is positioned as a value-driven opportunity.

Investors may consider:

Full renovation and resale

Long-term rental strategy

Hold and improve approach

Land-value investment

With nearly 2,000 square feet, the cost per square foot leaves room for renovation budgeting while potentially maintaining attractive margins.

Financial Snapshot

Tax Assessed Value: $7,518

Annual Property Taxes: $126

Date on Market: 6/16/2025

The low annual property taxes can help reduce holding costs during renovation or long-term ownership.

Renovation Scope

Given the property’s age (1923), buyers should anticipate:

Structural inspection

Roof evaluation

Electrical system updates

Plumbing review

Interior cosmetic overhaul

HVAC system inspection

Exterior siding maintenance

The combination of brick and wood siding offers architectural character but may require repair or restoration.

Ideal Buyer Profile

This property is best suited for:

Experienced investors

Contractors

Cash or renovation-loan buyers

Handy homeowners seeking equity

Buyers comfortable with significant repairs

It is not likely to qualify for certain traditional financing without updates.

Why Consider This Property?

Key highlights include:

Nearly 2,000 square feet

Two full bathrooms

Public utilities

Carport parking

Half-acre lot

Highway frontage

Traditional architecture

Low property taxes

The size and lot combination make this more than a small cosmetic project—it’s a substantial structure with room for value creation.

Vision & Opportunity

Properties requiring significant repairs often present the greatest upside for those willing to invest time and resources. This home offers:

A large footprint

Flexible layout

Solid utility access

Strong renovation potential

With thoughtful design and execution, it could become:

A comfortable country residence

A renovated rental property

A resale-ready flip

A long-term portfolio addition

Summary

This 3-bedroom, 2-bath traditional home at 24776 N Highway 61 in Coahoma, MS offers 1,906 square feet on a 0.5-acre lot with public utilities and carport parking.

Yes, it needs significant repairs.
Yes, it requires vision.
Yes, it’s an investment-level opportunity.

But for the right buyer, this property represents a chance to restore character, add value, and create equity.

Bring your renovation plan, your contractor, and your imagination—this Highway 61 property is ready for transformation.

Listed on Zillow