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Azalea Apartments 320 Fisher Ferry Rd 102 Unit Apartment Building $3,800,000 ($37,255/Unit) 17.47% Cap Rate Vicksburg, MS 39180
Executive Summary
CHEAPEST 100 UNIT COMPLEX ON THE MARKET!!!!
102 units on 13.9 acres. Sold at a serious discount, only $38k per unit!! Good occupancy. Phase 1 and appraisal reports are available by request. 17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Do not miss out on this opportunity.
102 units on 13.9 acres. Sold at a serious discount, only $38k per unit!! Good occupancy. Phase 1 and appraisal reports are available by request. 17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Do not miss out on this opportunity.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$950,400
|
$10.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$950,400
|
$10.67
|
| Taxes |
$17,974
|
$0.20
|
| Operating Expenses |
$181,046
|
$2.03
|
| Total Expenses |
$199,020
|
$2.23
|
| Net Operating Income |
$751,380
|
$8.44
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $950,400 |
| Annual Per SF | $10.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $950,400 |
| Annual Per SF | $10.67 |
| Taxes | |
|---|---|
| Annual | $17,974 |
| Annual Per SF | $0.20 |
| Operating Expenses | |
|---|---|
| Annual | $181,046 |
| Annual Per SF | $2.03 |
| Total Expenses | |
|---|---|
| Annual | $199,020 |
| Annual Per SF | $2.23 |
| Net Operating Income | |
|---|---|
| Annual | $751,380 |
| Annual Per SF | $8.44 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Range
- Carpet
- Office
- Patio
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $650.00 | 1 |
| 2+1.5 | 56 | $800.00 | 1 |
| 3+2 | 12 | $950.00 | 1 |
| 2+1 | 10 | $800.00 | 1 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 111-13-9999-0026-01 | Total Assessment | $145,055 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $17,974 ($0.39/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
111-13-9999-0026-01
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$145,055 (2025)
Annual Taxes
$17,974 ($0.39/SF)
Tax Year
2026
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Azalea Apartments | 320 Fisher Ferry Rd
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