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
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 | - |