Proforma Cap
8.27%
Tot. SF
143,070
Lot Size
14.2 Acres
1300 14th St, McComb, MS, McComb, MS, 39648
Magnolia Square Apartments$3,700,000
Key Information
$ per unit
$37,000
Units
100
Year Built
1972
Type
Apartments
Occupancy
82%
NOI
$125,220
Highlights
- Fully Renovated Asset with Over $20,000 per Unit in Capital Improvements
- Organic Rent Growth Opportunity, with Recent Leases Achieving an Average $75 Premium Over In-Place Rents
- Attractive Year One Going-In Cap Rate in the High-8% Range
- Compelling Basis Opportunity for a Turnkey Asset
- One of the Largest Assets in the Submarket, Offering Immediate Scale and Meaningful Market Presence
- Differentiated Unit Mix Featuring 1-, 2-, 3-, 4-, and 5-Bedroom Floor Plans
Photos
Location
Agents
C
Caleb FrizzellLicense # 000114503-0 (AL)
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)Carpenter Properties, Inc.1437 Old Square Road, Suite 104 Jackson, MS 39211