Investment Overview

Marcus & Millichap is pleased to present Prosper Apartments, consisting of 65 units in Jasper, Texas. Prosper consists of two well-located properties that are less than one mile apart. Park apartments consists of 48 two-bedroom, two-bath units in two-story buildings and eight three-bedroom, one-bath detached homes. The remaining nine units are located approximately one mile north and comprise two- and three-bedroom townhomes in two buildings. Park Apartments were constructed in 1995 and the townhomes in 1980. and has since undergone signi?cant renovation in the past three years. According to its owner, approximately 90 percent of the units have been upgraded and now feature luxury vinyl plank ?ooring, Prosper Apartments are located in Jasper, Texas. Jasper is the county seat of Jasper Countyr Tupelo’s key industries include advanced manufacturing, health care, information technology, ?nancial services, agribusiness, hospitality and tourism. Renasant Bank and Cadence Bank, which have more than $50 billion in combined assets, are based in Tupelo. Nearby Toyota Motor Manufacturing, which assembles the Toyota Corolla, employs 2,400 people. And the manufacturer of advanced electromagnetic components for the U.S. Military, General Atomics, adds to the large number of high-paying jobs in the market. Tupelo also has the largest rural hospital in the United States and the largest employer in the region. Parkway Terrace is conveniently located off a primary commercial, four-lane artery in the western portion of Tupelo. The prime location provides easy access to local shopping, schools and employers. North Mississippi Medical Center, Cooper Tire & Rubber Company and JESCO (a regional commercial contractor) are all located less than ?ve miles from the property. Tupelo Regional Airport is within two-and-half miles and