Log In/Sign Up
Your email has been sent.
*8% CAP OWNER FINANCING 1000 Broadmeadow Dr 60 Unit Apartment Building $3,273,174 CAD ($54,553 CAD/Unit) 8% Cap Rate Monticello, MS 39654
Investment Highlights
- Favorable Owner Financing Terms
- $700k Capx 2025
- 80's Built
- Value-Add Opportunity
- New 30 year Roof
- Separate Electric meter
Executive Summary
Owner will consider financing with 40-45% Down on a 20-25 year Amortization with a 5 year balloon @6.5%-6.9%. Price and term firm,
Investors — here’s a strong cash-flowing 60-unit's property located in Monticello, Mississippi with Hugh upside through lease up and continued renovations .
The subject property is a Value-Add Opportunity consisting of five, 2-story and two 1-story multi-family buildings originally constructed in 1980, that contains 60 units and 42,715 SF. Building construction consists of masonry with brick and wood siding. The complex currently has sixteen 1BR/1BA ,twenty eight 2BR/1BA. and sixteen 3BR/1BA units. The subject site consists of 9.3 Acres of land.
The Property has undone gone recent renovations consisting of new 30 year roof on all 8 buildings, exterior paint, LED lighting, security cameras and updating 40 units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new hot water heater, new countertops and bathroom upgrades.
Investors — here’s a strong cash-flowing 60-unit's property located in Monticello, Mississippi with Hugh upside through lease up and continued renovations .
The subject property is a Value-Add Opportunity consisting of five, 2-story and two 1-story multi-family buildings originally constructed in 1980, that contains 60 units and 42,715 SF. Building construction consists of masonry with brick and wood siding. The complex currently has sixteen 1BR/1BA ,twenty eight 2BR/1BA. and sixteen 3BR/1BA units. The subject site consists of 9.3 Acres of land.
The Property has undone gone recent renovations consisting of new 30 year roof on all 8 buildings, exterior paint, LED lighting, security cameras and updating 40 units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new hot water heater, new countertops and bathroom upgrades.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,273,174 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $54,553 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 9.23 AC |
| Cap Rate | 8% | Building Size | 42,020 SF |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Zoning | MF - Multifamily | ||
| Price | $3,273,174 CAD |
| Price Per Unit | $54,553 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 9.23 AC |
| Building Size | 42,020 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2025 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | MF - Multifamily |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Online Services
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $903.95 CAD | 550 - 650 |
| 2+1 | 28 | $1,043 CAD | 700 - 750 |
| 3+1 | 16 | $1,183 CAD | 900 - 950 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | M05-0020-00065.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $114,604 CAD |
Property Taxes
Parcel Number
M05-0020-00065.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$114,604 CAD
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Usa Development LP
*8% CAP OWNER FINANCING | 1000 Broadmeadow Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.