501 Cypress Ln | Greenville, MS 38701
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- LoopNet Team
501 Cypress Ln
Greenville, MS 38701
Value-Add Apartments With Recent Renovations · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- Apartment community with upgrades including a new roof in 2020, on-site laundry, a four-bedroom Airbnb, and renovations to 80% of the apartments.
- 10 minutes from downtown Greenville, the Greenville Mall, the Delta Medical Center, The Trop Casino, and the Washington County Convention Center.
- Airbnb Unit 2103 Avg Daily Rate $202.00 | Additional 70k-100k of Annual Income
- Vacant units haven’t been updated, offering a value-add opportunity to complete renovations and achieve 100% occupancy.
- More than 29,000 residents within 5 miles, with 50% currently renting their homes, delivering household segment spending of more than $38 million.
- Possibilities to add more Airbnb Units
PROPERTY FACTS
| No. Units | 60 | Building Size | 49,135 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 4.32 AC |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.32 AC |
| Building Size | 49,135 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.21/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 514100000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $271,760 |
PROPERTY TAXES
Parcel Number
514100000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$271,760
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