Log In/Sign Up
Your email has been sent.
Riverchase Apartments 1565 Fitzgeralds Blvd 92 Unit Apartment Building $3,900,000 ($42,391/Unit) Robinsonville, MS 38664
EXECUTIVE SUMMARY
RiverChase Apartment Homes – Tunica, MS
Investment Highlights
RiverChase Apartment Homes offers investors a turnkey opportunity in the growing Tunica market, combining modern comfort, affordable rents, and proven stability. The property features spacious one- and two-bedroom units (700–950 sq. ft.) with updated finishes, washer/dryer connections, and durable low-maintenance design. Recent capital improvements include new HVAC systems (2017) and a roof replacement (2019), reducing near-term expenses.
Located just minutes from Tunica’s resort corridor, casinos, shopping, and major employers, RiverChase provides a peaceful residential setting with strong workforce housing demand. Current rents averaging $760–$1,010 offer value-conscious tenants modern amenities at attainable rates—driving consistent occupancy and long-term income potential.
An ideal asset for investors seeking steady cash flow, low turnover, and upside through continued regional growth.
Investment Highlights
RiverChase Apartment Homes offers investors a turnkey opportunity in the growing Tunica market, combining modern comfort, affordable rents, and proven stability. The property features spacious one- and two-bedroom units (700–950 sq. ft.) with updated finishes, washer/dryer connections, and durable low-maintenance design. Recent capital improvements include new HVAC systems (2017) and a roof replacement (2019), reducing near-term expenses.
Located just minutes from Tunica’s resort corridor, casinos, shopping, and major employers, RiverChase provides a peaceful residential setting with strong workforce housing demand. Current rents averaging $760–$1,010 offer value-conscious tenants modern amenities at attainable rates—driving consistent occupancy and long-term income potential.
An ideal asset for investors seeking steady cash flow, low turnover, and upside through continued regional growth.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $3,900,000 | Lot Size | 4.30 AC |
| Price Per Unit | $42,391 | Building Size | 83,200 SF |
| Sale Type | Investment | Average Occupancy | 98% |
| No. Units | 92 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1997/1999 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Apartment Style | Garden | Cross Streets | Casino Way |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C | ||
| Price | $3,900,000 |
| Price Per Unit | $42,391 |
| Sale Type | Investment |
| No. Units | 92 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.30 AC |
| Building Size | 83,200 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1997/1999 |
| Parking Ratio | 2.22/1,000 SF |
| Cross Streets | Casino Way |
| Opportunity Zone |
Yes |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+2 | 48 | - | 925 - 950 |
| 2+2 | 32 | - | 950 |
PROPERTY TAXES
| Parcel Number | 3116140000000206 | Improvements Assessment | $221,600 |
| Land Assessment | $12,900 | Total Assessment | $234,500 |
PROPERTY TAXES
Parcel Number
3116140000000206
Land Assessment
$12,900
Improvements Assessment
$221,600
Total Assessment
$234,500
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Riverchase Apartments | 1565 Fitzgeralds Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.