134 Skyland Dr - Skyland Duplexes 14 Unit Apartment Building Offered at $1,703,675 CAD at a 12% Cap Rate Meridian, MS 39301

This is a hidden gem of 7 Buildings on a 2 block cul de sac, housing 14
beautiful duplexes, all sitting on over 5 acres of land. 100% Occupancy,
and high Retention Rates.
Long Term tenants. 12 Month Leases in place.
Fully managed out of state property with an online rent payment
system. Most units are fully renovated and feature brand new HVAC
units, brand new water heaters, and new roofs. Low Taxes and a top
school district (Clarkdale). Currently below market rental rates with
immediate pro-forma upside. Includes 2 acres approved by the City of
Meridian for additional development.
Located in Meridian, Mississippi
14 Units (12 are 2bed/1ba, 2 are 3bed/1ba)
Residents pay all utilities
Property Highlights
Located on a quiet cul-de-sac, offering privacy and reduced traffic
Amenities: Each unit offers washer/dryer hookups, energy-efficient appliances (including dishwasher),
spacious layouts, and modern interior finishes
Outdoor Features: Long driveways, large yards, and private porches provide residents with comfort and
convenience
Ownership: The property is absentee-owned, professionally managed, and maintained to high standards
Community Appeal: Situated in a growing area with strong population trends, ensuring continued
demand and long-term value
Capital Improvements Completed
Roof replacements and repairs
Full HVAC unit & Water Heater replacements
Septic tank pumping and installation of new field lines
Interior upgrades including flooring, paint, fixtures, and appliances
The property sits on 5 acres, with a portion still unused. The City of Meridian Site Planning Department has
already begun discussions regarding approval for additional unit build-out.
Current rents remain approximately 30% below market, presenting substantial upside potential. All units are
on signed leases with renewal potential in 2026.
SKYLAND LLC is committed to maintaining high-quality housing and maximizing long-term asset
performance. With strong occupancy, proven stability, and significant room for rent growth and expansion,
this property represents an exceptional investment opportunity. The combination of desirable location,
modern amenities, and future development potential positions Skyland Drive as a high-performing asset for
years to come.