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200 Catherine St
Starkville, MS 39759
Maroon Manor · Multifamily Property For Sale
·
39 Units
Property Facts
| No. Units | 39 | Lot Size | 4.28 AC |
| Property Type | Multifamily | Building Size | 33,540 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1972 |
| Zoning | TN-E - Traditional Neighborhood- Existing | ||
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.28 AC |
| Building Size | 33,540 SF |
| Average Occupancy | 87% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | TN-E - Traditional Neighborhood- Existing |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
About 200 CATHERINE ST , STARKVILLE, MS 39759
This offering consists of a 39-unit apartment complex. ''Pine Grove Apartments'' is an investment property with a strong cash-flow comprised of thirteen triplex buildings. The net income attributable to these units is over $77,000 +/-, indicating a 11.06% cap rate!! A fantastic value in a growing college-town market at only $17,946 per unit. All of the units are 2-bedroom / 1-bathroom, with a laundry room in each apartment with washer/dryer connections. These are large units, approx 860 SF +/- each. Rented for $425 per month, including water. Low maintenance finishes include ceramic tile flooring in most units, and all buildings have metal roofs and brick construction. Act fast before another investor capitalizes on this property!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 39 | - | 1,000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $131,856 |
Property Taxes
