70 Unit Multi-Family Portfolio 5 Multifamily Properties Offered at $3,100,000 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • Home of the Grammy Museum
  • Ownership Willing to Continue Managing the Portfolio After Sale
  • 14 Buildings Across 5 Property Sites
  • 1 Free Market Property + 4 LIHTC Properties (Restrictions Expiring in 2-3 Years)
  • Low Maintenance Properties - Tenants Are Responsible For All Maintenance - Excluding Roof, Structure and Exterior
  • Strong Bones - Brick Structures

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Present Exclusively For Sale a 70 Unit Multifamily Portfolio Throughout the Cleveland, MS Region, the Heart of the Mississippi Delta. This Opportunity Includes 1 Free Market Property + 4 LIHTC Properties With Restrictions Being Lifted in 2-3 Years. Currently 91% Occupied, With 5 Tenants Planning to Move-In by Jan 2024, Increasing Occupancy to 99%, Providing a Stabilized Double Digit Cap Rate Opportunity. *Click Here to Sign the NDA For More Information*

In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616

PROPERTY FACTS

Price $3,100,000
Price / SF $32.07 / SF
Cap Rate 10.35%
Sale Type Investment
Status Under Contract
Number of Properties 5
Individually For Sale 0
Total Building Size 96,653 SF
Total Land Area 10.38 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
260 Railroad ave, Beulah, MS 38726 Multifamily 20,000 SF 2000 -
600 Rosemary Rd, Cleveland, MS 38732 Multifamily 34,521 SF 2000 -
207 Annyce St, Mound Bayou, MS 38762 Multifamily 15,000 SF 2000 -
609 Jenny Washington St, Pace, MS 38764 Multifamily 14,132 SF 2000 -
301 Railroad St, Rosedale, MS 38769 Multifamily 13,000 SF 2000 -
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  • Listing ID: 30174272

  • Date on Market: 11/28/2023

  • Last Updated:

  • Address: 70 Unit Multi-Family Portfolio, Mound Bayou, MS