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Nine-Unit Apartment Property
For Sale
$1,750,000

1 Cr 4072, Oxford, MS 38655

Occupied apartment property with two-bedroom units, private yards, and electric heating and water systems.

Property Size7,942 SF
Lot Size11.50 Acres
Days on Market216

Property Features for 1 Cr 4072

General Information

Standard status Active
Size 7,942 SF
Lot size 11.50 Acres
Property subtype Multi-Family

Units

Unit Mix 9 x 2BR/1BA
Multifamily Units 9

Additional Details

Gross Income $138,000

Amenities

Electric
Number of Heating Systems: 9
Window Unit(s)
Electric Water Heater
Water Heater
Composition

Building Details

Building Size 7,942 SF
Year Built 1993
Listing Agency: Crye-Leike Oxford Real Estate
Listed By: Tim Phillips
Source: Kw
Added: Jan 26 Changed: Aug 29 Last Checked: Aug 29 at 2:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Oxford Real Estate

Investment Insights

Based on property information with market context.

This apartment property includes nine individual units, each configured with two bedrooms and one bathroom. The units are currently rented and have spacious yards. Improvements date to 1993 and include electric heating, window-unit cooling, and electric water heaters. The property is being offered in its existing condition.

The 11.50-acre site is located at 1 Cr 4072 in Oxford, Mississippi. Tenants pay their own utilities, while the seller currently handles insurance, lawn care, general maintenance, and property taxes. Additional units could be considered subject to approval from the Lafayette County Planning Department.

Key Highlights

  • Nine individual apartment units, each with 2 bedrooms and 1 bathroom
  • 11.50 total acres with spacious yards serving the units
  • All units are currently rented

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Restaurant Clothing & Fashion Store Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 38655, MS

44,153
Population
25,173
Households
1.8
Avg Household Size
32
Median Age
48%
College-Educated
92%
High-School Grad
362.1 sq mi
ZIP Area
122
Density / Sq Mi
$64,423
Median Household Income
$35,750
Median Earnings
$1,100
Median Rent
$275,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Occupied apartment property with two-bedroom units, private yards, and electric heating and water systems.
Where is this apartment building located?
The property is located at 1 Cr 4072 Oxford, MS.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Nine individual apartment units, each with 2 bedrooms and 1 bathroom; 11.50 total acres with spacious yards serving the units; All units are currently rented
More about this property
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