517 Washington Ave - Apartments FOR SALE


Greenville, MS 38701
$2,500,000 USD
202-368-9213
517 Washington Ave, Greenville, MS for Sale
$2,500,000 USD
Apartments - FOR SALE
1/49
null | 13% Cap Rate

517 Washington Ave
Greenville, MS 38701


OVERVIEW

The Lofts is a Luxury Mixed-Use 32-unit apartment building located at 517 Washington Ave, Greenville, MS. With an average in-place rent of $1,815, the property has a historical and proforma NOI of ~$325k. Asking is $2.5M, making this a 13% cap rate offering. Loan not assumable and seller financing not available.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

28

PRICE/UNIT

$89,286

CAP RATE

13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at 517

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

10149100000,10149200000,10149300000

ASK ABOUT THIS PROPERTY

Michael CournoyerThe Vulcan GroupMore Info
202-368-9213

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Michael CournoyerThe Vulcan GroupMore Info
202-368-9213

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