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.