780 U.S. 61
- 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
- 90% Physical / 82% Economic Occupancy (August 4,2026)
- 12-18 Month Operational Stabilization Timeline
- Balanced unit mix supporting single & family households
- Wooded residential landscape w/ mature trees and natural green space
- Amenity-rich environment including a brand new infinity pool, clubhouse, & gym/fitness area
- Ownership: Finance professional now marketing to competent value-add operator after completing $8.5mm renovation in 2023 - Q1 2026
Property Description
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 $8.5mm+ 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 90% 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 120 |
| Year Built: | 1976 |
| Lot Size: | 34.90 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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