Lot Size
14 Acres
Units
100
1300 14th St, McComb, MS, 39648
Magnolia Square Apartments
Starting Bid: $1,000,000
Key Information
Year Built
1972
Type
Apartments
Highlights
- Bid Dates: November 16th – 18th
- 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)
R
Robert AndersonLicense # 01738687 (CA)
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)Carpenter Properties, Inc.1437 Old Square Road, Suite 104 Jackson, MS 39211