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Pearl Drive Apartments 409-412 Pearl Dr 18 Unit Apartment Building For Sale Pearl, MS 39208
INVESTMENT HIGHLIGHTS
- Located in a desirable area off of Hwy 80 in Pearl, MS. The property is 1/2 a mile from Pearson Road and 2 miles from I-20.
- Renovated in 2020
- 94% occupancy rate
- 18 Units
- Located in the vibrant Pearl area
- Strong rental history and income potential
EXECUTIVE SUMMARY
NAI UCR Propeties is proud to present this 18-unit multi-family property at 409-412 Pearl Drive, Pearl, MS for sale. This property offers an excellent investment opportunity in a prime location. Comprising four buildings, the property includes 1-bedroom, 1-bath studio-style units. Buildings 409-410 were constructed in the mid-1950s, Building 411 in 1967, and Building 412 in the mid-1970s, with its roof replaced around 2020. The property is conveniently situated near major shopping centers, local attractions, Rankin County school district and within easy reach of the airport, making it an attractive option for renters seeking affordability and accessibility.
The property is self-managed, with all utilities handled by the owner, and has no laundry hookups on-site. Seventeen of the 18 units have been upgraded, though additional improvements could further enhance their value. This is an ideal opportunity for an investor seeking a manageable property with excellent upside potential.
* Owner holds an active RE license and authorized to do business in the state of MS.
The property is self-managed, with all utilities handled by the owner, and has no laundry hookups on-site. Seventeen of the 18 units have been upgraded, though additional improvements could further enhance their value. This is an ideal opportunity for an investor seeking a manageable property with excellent upside potential.
* Owner holds an active RE license and authorized to do business in the state of MS.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.81 AC |
| No. Units | 18 | Building Size | 8,400 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1953/2020 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | D-1 | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 8,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2020 |
| Opportunity Zone |
Yes |
| Zoning | D-1 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $84,740 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$84,740 CAD
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Pearl Drive Apartments | 409-412 Pearl Dr
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