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1300 14th Street
McComb, MS 39648
Asking Price
Contact for price
Cap Rate
10.34%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 100 Units | 10.34% Cap Rate <ul><li>Fully Renovated Asset with Over $20,000 per Unit in Capital Improvements</li><li>Organic Rent Growth Opportunity, with Recent Leases Achieving an Average $75 Premium Over In-Place Rents</li><li>Compelling Basis Opportunity for a Turnkey Asset</li><li>One of the Largest Assets in the Submarket, Offering Immediate Scale and Meaningful Market Presence</li><li>Differentiated Unit Mix Featuring 1-, 2-, 3-, 4-, and 5-Bedroom Floor Plans</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547