601-981-6800
780 Highway 61 N, Vicksburg, MS for Sale
Apartments - FOR SALE
1/45
null | Request Cap Rate

780 Highway 61 N
Vicksburg, MS 39183


HIGHLIGHTS

  • 15 Buildings - +/- 34.9 Acres
  • 120 Units: 24 (1 BD / 1 BA), 48 (2 BD / 2 BA), & 48 (3 BD / 2 BA)
  • Comprehensive Renovation 2023- Q1 2026 ($8.0mm + Investment)
  • Gated Entrance
  • 12-18 Month Operational Stabilization Timeline
  • Balanced unit mix supporting single & family households

OVERVIEW

NAI UCR Properties is pleased to present Eastbrook Apartments, a 120-unit multifamily community located in the thriving Vicksburg market of Warren County, Mississippi. Built in 1976 and comprehensively renovated 2023- Q1 2026, the property offers Class A interior finishes and amenities in a submarket with no Class A inventory. The offering is a compelling operational value-add. Approximately $8mm+ of capital improvements is complete; buyer inherits zero unfunded capex for 5-7 years. Current ownership was the original debt and equity provider, who acquired the property through a partnership takeover and subsequent foreclosure. Remaining value creation is operational, third party professional management, autopay rollout, eviction of identified delinquents, RUBS, and market at lease renewal. The property is 85% physically occupied / 82% economically occupied as of May 6th, 2026 (102 of 120 units leased), with stabilization to 92-94% economic occupancy over a 12-18 month operational transition. Current ownership is a retired, business professional who acquired the property through a partnership takeover after the original operating partner mismanaged construction and was removed. The Vicksburg market has seen recent economic development announcements totaling around $5B across multiple sectors. The market benefits from a stable employment ecosystem driven by industrial, refinery, logistics, tourism, and increasing digital infrastructure investment. Residents enjoy proximity to major employers, retail services, schools, parks, and a revitalizing downtown district, while the metro connectivity to Jackson, MSA broadens employment options and workforce inflow.

FOR SALE DETAILS

PRICE

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# OF UNITS

120

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastbrook Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

250

LAND DETAILS

LAND ACRES

34.9 AC

LAND SF

1,520,244 SF

ZONING

CBR-4

APN/PARCEL ID

0958-18-9999-0008-00,0959-22-9999-0001-00,096-17-0481-0057-00,096-23-9999-0008-00

ASK ABOUT THIS PROPERTY

Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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