253 N Natchez Dr - Apartments FOR SALE


Madison, MS 39110
$1,468,000 USD
601-850-1177
253 N Natchez Dr, Madison, MS for Sale
$1,468,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

253 N Natchez Dr
Madison, MS 39110


HIGHLIGHTS

  • Rare three-unit mixed-use asset in Lost Rabbit Town Center
  • Two occupied residential units generating immediate cash flow
  • Ground-floor commercial suite vacant and available for lease or owner-user occupancy
  • Premium walkable location near Ross Barnett Reservoir
  • Modern new construction
  • Limited comparable mixed-use inventory in Madison market

OVERVIEW

Exceptional opportunity to acquire a boutique mixed-use investment property in the heart of Lost Rabbit Town Center in Madison, Mississippi. This architecturally distinctive three-unit building offers a rare combination of immediate income, leasing upside, and long-term location value. The property consists of a ground-floor commercial retail suite currently vacant and available for lease, along with two upper-level residential units that are tenant occupied . Located within one of the area’s most desirable live-work-play communities near the Ross Barnett Reservoir, this asset offers strong appeal to investors seeking stable income with future upside, owner-users looking to occupy the commercial space, or buyers searching for a unique long-term hold. Rarely do properties of this quality, design, and mixed-use functionality become available in the Madison market.

FOR SALE DETAILS

PRICE

$1,468,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

3

PRICE/UNIT

$489,333

CAP RATE

Request Cap Rate

% LEASED

63%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Special Purpose

APN/PARCEL ID

072A-12C-002/04

ASK ABOUT THIS PROPERTY

Iana WhiteTrihelm PropertiesMore Info
601-850-1177

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Iana WhiteTrihelm PropertiesMore Info
601-850-1177

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