REO Sale 200-Unit Multifamily Portfolio
2 Propriétés multi-résidentielles Vente à l’encan en ligne Meridian, MS


FAITS SAILLANTS DE L'INVESTISSEMENT
- Impressionnant portefeuille multifamilial de deux propriétés totalisant 200 unités à Meridian, MS, offert à titre avantageux à un rabais substantiel sur le coût de remplacement.
- Occasion avantageuse offerte à moindre coût de livrer des unités actualisées par rapport à un démolissement complet afin de minimiser les efforts de construction.
- Le faible taux d'occupation dans l'ensemble du portefeuille offre une occasion à valeur ajoutée de rénover des logements vacants/inoccupés et de les louer à bail à des loyers qui augmentent constamment sur le marché.
- Des incitatifs, tels que des crédits d'impôt et des programmes de remboursement, peuvent être offerts pour le logement abordable dans le cadre de programmes idéaux de la ville, de l'État et du gouvernement fédéral.
RÉSUMÉ DE L'ANNONCE
East Gate is a 96-unit Class C garden apartment community located at 3500 Highway 39 N, approximately 3.5 miles northeast of Downtown Meridian, Mississippi, and adjacent to a Walmart Neighborhood Market. The unit mix is comprised of 40 one-bedroom, one-bath units, 48 two-bedroom, one-bath units, and eight two-bedroom, two-bath units spread across 10 two-story buildings. As of February 2025, the property ±32% occupied.
North Gate is a 104-unit Class C garden apartment community situated at 1719 Highway 19 N, approximately 3 miles northwest of Downtown Meridian and within a 5-minute drive from Meridian Community College. The unit mix is comprised of 24 one-bedroom, one-bath units, 16 two-bedroom, two-bath units, 36 three-bedroom, two-bath units, and 28 three-bedroom, two-bath units spread across 13 two-story buildings. As of February 2025, the property is vacant.
This offering serves as a premium value-add opportunity to renovate vacant/down units and lease up at increased market rents across a low occupancy portfolio. The properties are ideally positioned in the Meridian multifamily market which has experienced rental increases at 5.3%. An investor can appreciate the lower-cost basis to deliver refreshed units versus a complete new build due to the rising construction expenditures. Incentives may be available for affordable housing at the portfolio properties through city, state, and federal programs, such as tax credits and reimbursement programs. Across the portfolio, approximately 32% of current residents have some, or all, of their monthly base rent subsidized by the local housing authority.
Property tours are available by appointment only. Please contact the broker to schedule.
Broker of Record: Brian Brockman with Bang Realty Mississippi License #21542.
NOTICE D’OFFRE Cliquez ici pour accéder à
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
FAITS SUR LA PROPRIÉTÉ
Condition de vente | Vente à l’encan |
Types de propriétaire | Pleine propriété |
Type de vente | Investissement |
Statut | Actif |
Nombre de propriétés | 2 |
Taille totale du bâtiment | 175 844 pi² |
Superficie totale du terrain | 12,80 AC |
PROPRIÉTÉS
NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION |
---|---|---|---|
North Gate Apartments
1719 Highway 19 N, Meridian, MS 39307 |
Immeuble residentiel | 96 220 pi² | 1973 |
East Gate Apartments
3500 Highway 39 N, Meridian, MS 39301 |
Immeuble residentiel | 79 624 pi² | 1982 |