2501 Culkin Road
- Portfolio of 3 Apartment Communities in Vicksburg, MS: Cannongate, Pecan Ridge, & River Oaks
- Properties are within close proximity
- 239 Units across 202,888 SF of rentable space
- High occupancy at 98%
- Cannongate ranked #1 Apartment Complex in Vicksburg for the second year in a row
- Prime locations in Vicksburg area
- Partially renovated with proven premiums on renovated units, which presents a massive value-add opportunity to push the performance of the properties even further.
- Attractive assumable loan options with interest rates of 4.15% and 5.56%
- Opportunity for long-term growth and income generation
- New Commercial & Community Development Investments - priming Vicksburg for growth over the hold period.
- 8% Cash on Cash return with current T-3 financials
Property Description
The Vicksburg Mississippi Portfolio is a collection of multifamily properties located in Vicksburg, MS. The portfolio includes 239 units spanning across three properties. Located in and around the Vicksburg Metro, these properties appeal to tenants employed in and around the city but seeking a quieter lifestyle, surrounded by the area’s natural beauty. With much of the heavy lifting renovations completed by current ownership, this portfolio offers investors a value-add opportunity while reaping the benefits of the work already completed. The Vicksburg Mississippi Street provides an excellent investment option for those interested in the Vicksburg market to see exponential returns.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 239 |
| Year Built: | 1979 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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