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Multifamily

Beaujolais Villas

11263 Gorenflo Rd, D'Iberville, MS 39540

Listing Price: $3,300,000

Cap Rate
6.63%
Number of Units
37
Price/Unit
$89,189
Price/Gross SF
$98.21
Gross SF
33,600

Investment Overview

37-unit apartment complex centrally located on the Mississippi Gulf Coast

Investment Highlights

  • 36 units are two-bedroom one-bathroom and one unit is three-bedroom two-bathroom
  • Available to purchase as a sale-leaseback only
  • Recent renovations include new roofs and luxury vinyl tile flooring in most units
  • Currently operated as short-term military housing with ability to convert to long-term leases after sale-leaseback ends
  • Amenities include a swimming pool, grilling area, an on-site laundry facility and washer/dryer connections in each unit
  • Located in a quiet residential neighborhood less than two miles from major shopping and entertainment complex, The Promenade and Lakeview Village
  • D'Iberville is growing rapidly with a more than 20% population increase since 2010

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Listing Price: $3,300,000

Cap Rate
6.63%
Number of Units
37
Price/Unit
$89,189
Price/Gross SF
$98.21
Gross SF
33,600

Investment Highlights

  • 36 units are two-bedroom one-bathroom and one unit is three-bedroom two-bathroom
  • Available to purchase as a sale-leaseback only
  • Recent renovations include new roofs and luxury vinyl tile flooring in most units
  • Currently operated as short-term military housing with ability to convert to long-term leases after sale-leaseback ends
  • Amenities include a swimming pool, grilling area, an on-site laundry facility and washer/dryer connections in each unit
  • Located in a quiet residential neighborhood less than two miles from major shopping and entertainment complex, The Promenade and Lakeview Village
  • D'Iberville is growing rapidly with a more than 20% population increase since 2010

Investment Overview

37-unit apartment complex centrally located on the Mississippi Gulf Coast

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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