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Azalea Apartments 320 Fisher Ferry Rd 102 Unit Apartment Building $5,245,406 CAD ($51,426 CAD/Unit) 17.47% Cap Rate Vicksburg, MS 39180
Executive Summary
CHEAPEST 100 UNIT COMPLEX ON THE MARKET!!!!
102 units on 13.9 acres. Sold at a serious discount, only $38k per unit!! Good occupancy. Phase 1 and appraisal reports are available by request. 17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Do not miss out on this opportunity.
102 units on 13.9 acres. Sold at a serious discount, only $38k per unit!! Good occupancy. Phase 1 and appraisal reports are available by request. 17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Do not miss out on this opportunity.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,311,904
|
$14.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,311,904
|
$14.73
|
| Taxes |
$24,811
|
$0.28
|
| Operating Expenses |
$249,910
|
$2.81
|
| Total Expenses |
$274,721
|
$3.08
|
| Net Operating Income |
$1,037,182
|
$11.65
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,311,904 |
| Annual Per SF | $14.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,311,904 |
| Annual Per SF | $14.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,811 |
| Annual Per SF | $0.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $249,910 |
| Annual Per SF | $2.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $274,721 |
| Annual Per SF | $3.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,037,182 |
| Annual Per SF | $11.65 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Range
- Carpet
- Office
- Patio
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $897.24 CAD | 1 |
| 2+1.5 | 56 | $1,104 CAD | 1 |
| 3+2 | 12 | $1,311 CAD | 1 |
| 2+1 | 10 | $1,104 CAD | 1 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 111-13-9999-0026-01 | Total Assessment | $199,755 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $24,811 CAD ($0.54 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
111-13-9999-0026-01
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$199,755 CAD (2025)
Annual Taxes
$24,811 CAD ($0.54 CAD/SF)
Tax Year
2026
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Azalea Apartments | 320 Fisher Ferry Rd
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