411 Court St - Apartments FOR SALE


Vaiden, MS 39176
$1,500,000 USD
800-896-5502
411 Court St, Vaiden, MS for Sale
$1,500,000 USD
Apartments - FOR SALE
1/6
null | 6.24% Cap Rate

411 Court St
Vaiden, MS 39176


OVERVIEW

Vaiden Affordable Housing is a well-maintained 28-unit Project-Based Section 8 multifamily community located at 411 Court Street in Vaiden, Mississippi. Built in 1981 and situated on ±3.44 acres, the property offers ±21,926 square feet of rentable space and maintains a strong 95% occupancy supported by long-term housing demand in the region. This stabilized asset benefits from a HUD HAP Contract secured through 2036, providing investors with reliable, government-backed rental income and predictable cash flow. The surrounding area features a blend of retail, medical, and educational amenities, with convenient access to Highway 51 and Highway 35, making it a desirable location for residents seeking affordability and accessibility. Vaiden Affordable Housing presents a compelling opportunity for both affordable housing investors and LIHTC developers, offering potential pathways for 4% or 9% tax credit repositioning while maintaining the strong fundamentals of a turnkey property in a proven Central Mississippi rental market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

28

PRICE/UNIT

$53,571

CAP RATE

6.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vaiden Affordable Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

R4

APN/PARCEL ID

123A-23-A-0032000

ASK ABOUT THIS PROPERTY

Gene AdamsThe P3 GroupMore Info
800-896-5502

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Gene AdamsThe P3 GroupMore Info
800-896-5502

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