1300 14th St - Apartments FOR SALE
Mccomb, MS 39648 |
$3,700,000 USD
918-809-5129
1300 14th St
Mccomb, MS 39648
HIGHLIGHTS
- Fully Renovated Asset with Over $20,000 per Unit in Capital Improvements
- Organic Rent Growth Opportunity, with Recent Leases Achieving an Average $75 Premium Over In-Place Rents
- Compelling Basis Opportunity for a Turnkey Asset
- One of the Largest Assets in the Submarket, Offering Immediate Scale and Meaningful Market Presence
- Differentiated Unit Mix Featuring 1-, 2-, 3-, 4-, and 5-Bedroom Floor Plans
FOR SALE DETAILS
PRICE
$3,700,000 USD
PRICE/SF
$26 USD /SF
# OF UNITS
100
PRICE/UNIT
$37,000
CAP RATE
10.34%
% LEASED
81%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Magnolia Square Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1972
PARKING SPACES
170
LAND DETAILS
LAND ACRES
14.29 AC
LAND SF
622,472 SF
ZONING
R-PL
APN/PARCEL ID
582872-B
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918-809-5129
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918-809-5129
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