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Colonial & Northpointe Apartments 2 Multifamily Properties in Multiple Locations
Investment Highlights
- 2-property portfolio totaling 104 units across Meridian and Marion, MS
- Northpointe Apartments: 52 units, ±54,182 SF, built 1987 with 12% rent upside
- Naval Air Station Meridian (3,000+ employees) anchors regional employment base
- Colonial Apartments: 52 units, ±50,000 SF, built 1970 with 20% rent upside
- 53% renter household rate in Meridian; 48% renter household rate in Marion
- MSU–Meridian campus supports stable multifamily housing demand in the market
Executive Summary
Broker Of Record
Phillip Carpenter
Carpenter Properties, Inc.
8906, C-11708 (MS)
1437 Old Square Road, Suite 104 Jackson, MS 39211 (866) 889-0550
Phillip Carpenter
Carpenter Properties, Inc.
8906, C-11708 (MS)
1437 Old Square Road, Suite 104 Jackson, MS 39211 (866) 889-0550
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 104,182 SF |
| Number of Properties | 2 | Total Land Area | 10.43 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 104,182 SF |
| Total Land Area | 10.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Hillview Apartments
548 Old Country Club Rd E, Marion, MS 39342 |
Multifamily | 54,182 SF | 1987 | - |
|
Colonial Apartments
4100 40th St, Meridian, MS 39305 |
Multifamily | 50,000 SF | 1970 | - |
1 1
(866) 889-0550
x4494
Contacts
-
Braxton Wetzler -
Caleb Frizzell -
Matthews Real Estate Investment Services, Inc.
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Colonial & Northpointe Apartments
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