1000 Broadmeadow Dr - Apartments FOR SALE


Monticello, MS 39654
$2,350,000 USD
337-793-3310
1000 Broadmeadow Dr, Monticello, MS for Sale
$2,350,000 USD
Apartments - FOR SALE
1/19
null | 8% Cap Rate

1000 Broadmeadow Dr
Monticello, MS 39654


HIGHLIGHTS

  • Favorable Owner Financing Terms
  • Value-Add Opportunity
  • $700k Capx 2025
  • New 30 year Roof
  • 80's Built
  • Separate Electric meter

OVERVIEW

Owner will consider financing with 40-45% Down on a 20-25 year Amortization with a 5 year balloon @6.5%-6.9%. Price and term firm, Investors — here’s a strong cash-flowing 60-unit's property located in Monticello, Mississippi with Hugh upside through lease up and continued renovations . The subject property is a Value-Add Opportunity consisting of five, 2-story and two 1-story multi-family buildings originally constructed in 1980, that contains 60 units and 42,715 SF. Building construction consists of masonry with brick and wood siding. The complex currently has sixteen 1BR/1BA ,twenty eight 2BR/1BA. and sixteen 3BR/1BA units. The subject site consists of 9.3 Acres of land. The Property has undone gone recent renovations consisting of new 30 year roof on all 8 buildings, exterior paint, LED lighting, security cameras and updating 40 units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new hot water heater, new countertops and bathroom upgrades.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

60

PRICE/UNIT

$39,167

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

*8% CAP OWNER FINANCING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

85

LAND DETAILS

LAND ACRES

9.23 AC

LAND SF

402,059 SF

ZONING

MF

APN/PARCEL ID

M05-0020-00065.00

ASK ABOUT THIS PROPERTY

Phil KingUsa Development LPMore Info
337-793-3310

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Phil KingUsa Development LPMore Info
337-793-3310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.