1219 Monroe St - Apartments FOR SALE


Vicksburg, MS 39183
$229,000 USD
601-896-3774
1219 Monroe St, Vicksburg, MS for Sale
$229,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1219 Monroe St
Vicksburg, MS 39183


HIGHLIGHTS

  • Located within Vicksburg’s historic district, offering walkable access to downtown businesses and attractions.
  • Positioned near major thoroughfares for convenient regional connectivity.
  • Nestled in a stable rental market supported by local business, tourism, and nearby amenities.

OVERVIEW

10-Unit Multifamily Value-Add Opportunity in Vicksburg, MS. Property is currently vacant and being offered as-is. Significant value-add opportunity for investors seeking a renovation project with strong upside potential. Estimated rehab approximately $135,000. Estimated rehab approximately $135,000. Once stabilized, projected rents are $550–$650/month for 8 units and $750–$950/month for 2 units, offering potential gross income of approximately $75,000–$78,000 annually. Strong value-add opportunity with significant upside for experienced investors seeking to reposition and maximize long-term cash flow. Low property taxes (~$2,100/year). Ideal for experienced investors looking to reposition and maximize cash flow. Strong potential for long-term hold or exit strategy upon stabilization. Serious inquiries only.

FOR SALE DETAILS

PRICE

$229,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

10

PRICE/UNIT

$22,900

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroe Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1860

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,108 SF

ZONING

-

APN/PARCEL ID

094Q-19-0010-38-0008-00

ASK ABOUT THIS PROPERTY

James HankinsJames HankinsMore Info
601-896-3774

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James HankinsJames HankinsMore Info
601-896-3774

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