1501 E Reed Rd | Greenville, MS 38703
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1501 E Reed Rd
Greenville, MS 38703
REO Sale | 72-Unit Asset | Hallmark Gardens · Multifamily Property For Sale
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72 Units
INVESTMENT HIGHLIGHTS
- Significantly positioned 72-unit multifamily property in Greenville, Mississippi, optimally offered at a substantial discount to replacement cost.
- Desirable opportunity offered at a lower cost basis to deliver refreshed units versus facing a complete teardown to minimize construction efforts.
- Favorably situated next to Washington County Day School and within a five-minute drive to Walmart Supercenter, Kroger, Lowe's, and Greenville Mall.
- Low-occupancy acquisition provides value-add opportunity to renovate vacant/down units and lease-up at consistently increasing market rents.
- Incentives, such as tax credits and reimbursement programs, may be available for affordable housing through ideal city, state, and federal programs.
PROPERTY FACTS
| Sale Condition | Auction Sale | Construction Status | Under Renovation |
| Type of Ownership | Fee Simple | Building Size | 69,312 SF |
| No. Units | 72 | Average Occupancy | 26% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2026 |
| Apartment Style | Garden | Parking Ratio | 1.8/1,000 SF |
| Building Class | C | Parcel Number | 495100000 |
| Lot Size | 6.00 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.00 AC |
| Construction Status | Under Renovation |
| Building Size | 69,312 SF |
| Average Occupancy | 26% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2026 |
| Parking Ratio | 1.8/1,000 SF |
| Parcel Number | 495100000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
- Laundry Service
- Maintenance on site
- Online Services
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