1000 Broadmeadow Dr - Apartments FOR SALE


Monticello, MS 39654
$2,290,000 USD
337-793-3310
1000 Broadmeadow Dr, Monticello, MS for Sale
$2,290,000 USD
Apartments - FOR SALE
1/19
null | 8.03% Cap Rate

1000 Broadmeadow Dr
Monticello, MS 39654


HIGHLIGHTS

  • Hugh Up side on marketing Zero Social Media & Web Footprint
  • Value-Add Opportunity
  • $700k Capx 2025
  • New 30 year Roof
  • 80's Built, Separate Electric meter .
  • DO NOT contact staff, management, or ownership directly. Interested buyers should submit a Letter of Intent with proof of funds.

OVERVIEW

Seller will consider financing with 40% 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 . Seller is exclusively considering transactions directly with principals. we are unable to offer a Buyers agent commission at this time 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 on 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. The is a great opportunity for the next buyer to come in and continue leasing and finish out the remaining 12 down units. HOW TO PARTICIPATE: Inquiries should be made by contacting Phil King DO NOT contact staff, management, or ownership directly. Interested buyers should submit a Letter of Intent with proof of funds, financial statement, and qualifications.

FOR SALE DETAILS

PRICE

$2,290,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

60

PRICE/UNIT

$38,167

CAP RATE

8.03%

% 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.