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Magnolia Square Apartments 1300 14th St 100 Unit Apartment Building For Sale 10.34% Cap Rate Mccomb, MS 39648
Investment Highlights
- Fully Renovated Asset with Over $20,000 per Unit in Capital Improvements
- Compelling Basis Opportunity for a Turnkey Asset
- Differentiated Unit Mix Featuring 1-, 2-, 3-, 4-, and 5-Bedroom Floor Plans
- Organic Rent Growth Opportunity, with Recent Leases Achieving an Average $75 Premium Over In-Place Rents
- One of the Largest Assets in the Submarket, Offering Immediate Scale and Meaningful Market Presence
Executive Summary
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708, 8906 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
| Sale Type | Investment | Lot Size | 14.29 AC |
| Cap Rate | 10.34% | Building Size | 143,070 SF |
| No. Units | 100 | Average Occupancy | 81% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Garden | Parking Ratio | 1.91/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R-PL - Residential | ||
| Sale Type | Investment |
| Cap Rate | 10.34% |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.29 AC |
| Building Size | 143,070 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-PL - Residential |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 582872-B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $272,923 |
Property Taxes
Parcel Number
582872-B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$272,923
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Magnolia Square Apartments | 1300 14th St
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