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The Grande at Ellisville 801 Main St 53 Unit Apartment Building $5,224,614 CAD ($98,578 CAD/Unit) 8.15% Cap Rate Ellisville, MS 39437
Investment Highlights
- Renovated units featuring modern interior upgrades, including granite-like countertops, vinyl plank flooring, faux wood blinds, and walk-in closets
- Amenities include on-site laundry facilities and playground with swings & jungle gym
- Centrally located between Hattiesburg and Laurel, Mississippi
- 42 of 53 units with brand new water heaters
Executive Summary
Broker of Record
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
| Price | $5,224,614 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $98,578 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.05 AC |
| Cap Rate | 8.15% | Building Size | 38,950 SF |
| Gross Rent Multiplier | 6 | Average Occupancy | 83% |
| No. Units | 53 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2021 |
| Property Subtype | Apartment |
| Price | $5,224,614 CAD |
| Price Per Unit | $98,578 CAD |
| Sale Type | Investment |
| Cap Rate | 8.15% |
| Gross Rent Multiplier | 6 |
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.05 AC |
| Building Size | 38,950 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2021 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Wheelchair Accessible
- Smoke Free
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 650 |
| 2+1 | 18 | - | 900 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 076A-04-08-010.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $190,814 CAD |
Property Taxes
Parcel Number
076A-04-08-010.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$190,814 CAD
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The Grande at Ellisville | 801 Main St
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