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1500 N Archusa Ave 36 Unit Apartment Building $2,800,000 ($77,778/Unit) 10.31% Cap Rate Quitman, MS 39355
Investment Highlights
- Established 36-unit apartment community on 5.6 acres in Quitman, MS
- Community features include laundry facilities, fenced lot, and green space
- Industry is booming in Quitman and more jobs coming within the year and we are only 20 mins from Meridian
- Convenient location within the Quitman School District and near local amenities
- Units offer air conditioning, heating, and in-unit storage for resident comfort
- We are in a beautiful area with trees and nature and Clarkco State Park is right down our street
Executive Summary
Cash Cow!!! Ask to view or see contact Alice today at 309-533-0369!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $77,778 | Lot Size | 5.60 AC |
| Sale Type | Investment | Building Size | 39,950 SF |
| Cap Rate | 10.31% | Average Occupancy | 98% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-4 - Multiple Family Residential District | ||
| Price | $2,800,000 |
| Price Per Unit | $77,778 |
| Sale Type | Investment |
| Cap Rate | 10.31% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.60 AC |
| Building Size | 39,950 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2024 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-4 - Multiple Family Residential District |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Basketball Court
- Car Wash Area
- Pet Play Area
- Storage Space
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $800.00 | - |
| 2+2 | 24 | $900.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 082A-35-00-003.01 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $66,602 (2025) |
Property Taxes
Parcel Number
082A-35-00-003.01
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$66,602 (2025)
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Contact the Sale Advisor
1500 N Archusa Ave