Log In/Sign Up
Your email has been sent.
Monroe Court Apartments 1219 Monroe St 10 Unit Apartment Building $229,000 ($22,900/Unit) Vicksburg, MS 39183
Investment Highlights
- Located within Vicksburg’s historic district, offering walkable access to downtown businesses and attractions.
- Nestled in a stable rental market supported by local business, tourism, and nearby amenities.
- Positioned near major thoroughfares for convenient regional connectivity.
Executive Summary
10-Unit Multifamily Value-Add Opportunity in Vicksburg, MS.
Property is currently vacant and being offered as-is. Significant value-add opportunity for investors seeking a renovation project with strong upside potential.
Estimated rehab approximately $135,000. Estimated rehab approximately $135,000. Once stabilized, projected rents are $550–$650/month for 8 units and $750–$950/month for 2 units, offering potential gross income of approximately $75,000–$78,000 annually.
Strong value-add opportunity with significant upside for experienced investors seeking to reposition and maximize long-term cash flow.
Low property taxes (~$2,100/year). Ideal for experienced investors looking to reposition and maximize cash flow.
Strong potential for long-term hold or exit strategy upon stabilization.
Serious inquiries only.
Property is currently vacant and being offered as-is. Significant value-add opportunity for investors seeking a renovation project with strong upside potential.
Estimated rehab approximately $135,000. Estimated rehab approximately $135,000. Once stabilized, projected rents are $550–$650/month for 8 units and $750–$950/month for 2 units, offering potential gross income of approximately $75,000–$78,000 annually.
Strong value-add opportunity with significant upside for experienced investors seeking to reposition and maximize long-term cash flow.
Low property taxes (~$2,100/year). Ideal for experienced investors looking to reposition and maximize cash flow.
Strong potential for long-term hold or exit strategy upon stabilization.
Serious inquiries only.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 094Q-19-0010-38-0008-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $15,063 |
Property Taxes
Parcel Number
094Q-19-0010-38-0008-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,063
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
James Hankins
Monroe Court Apartments | 1219 Monroe St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.