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522 & 524 University Dr 14 Unit Apartment Building $2,480,000 ($177,143/Unit) Starkville, MS 39759
INVESTMENT HIGHLIGHTS
- Located in the heart of the Cotton District, and a short walk to the Mississippi State University campus.
EXECUTIVE SUMMARY
522 & 524 University Dr, Starkville, MS: Dynamic location Zoned T5-U. This 0.70acre± property is on Univ. Dr. in the heart of the Cotton District, a short walk to the Mississippi State University campus. 522 University Dr has Raintree Apartments (10 renovated units, all 2-bed/1-bath, with granite countertops, & stainless-steel appliances, in two brick buildings); and a 3-bed/2-bath house. 524 University Dr has a house split into 3 apartments that is not habitable at this time. Excellent opportunity for a legacy property as a total redevelopment, or keep the existing structures and bring to a market rental rate. *Owner strongly prefers a long-term ground lease, or a proposal for a joint venture/partnership, but will consider an outright offer to purchase. * Inquire for more info.
PROPERTY FACTS
| Price | $2,480,000 | Apartment Style | Garden |
| Price Per Unit | $177,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.70 AC |
| No. Units | 14 | Building Size | 10,664 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1940 |
| Zoning | T5-U - Transect District T5-U; multiple stories, mixed use | ||
| Price | $2,480,000 |
| Price Per Unit | $177,143 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.70 AC |
| Building Size | 10,664 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | T5-U - Transect District T5-U; multiple stories, mixed use |
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 101D-00-024.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,151 |
PROPERTY TAXES
Parcel Number
101D-00-024.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,151
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522 & 524 University Dr
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