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2501 Culkin Rd Vicksburg, MS 39183

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For Sale
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Portfolio of 3 apartment communities with 239 units in Vicksburg, MS.

Property size:
202,888 SF

Property Features for 2501 Culkin Rd

General Information

Size
202,888 SF

Building Details

Year built
1979

Source: Jason Hyde Agent Jason Hyde

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Vicksburg Multifamily Portfolio

The Vicksburg Mississippi Portfolio comprises multifamily properties located in Vicksburg, MS, featuring 239 units across three properties. These properties are located in and around the Vicksburg Metro, appealing to tenants employed in the city and seeking a quieter lifestyle surrounded by natural beauty. The portfolio offers investors a value-add opportunity, with much of the renovation work already completed. The properties benefit from a convenient yet peaceful setting in Vicksburg, situated just off I-20 and minutes from the Mississippi River, and are in close proximity to one another. The neighborhood balances small-town charm with access to modern amenities, placing residents close to shopping centers, dining, schools, and historic attractions, while maintaining a tucked-away residential atmosphere. The properties include Cannongate, Pecan Ridge, and River Oaks, totaling 202,888 square feet of rentable space. The occupancy rate is high at 98%. Cannongate has been ranked as the #1 Apartment Complex in Vicksburg for the second year in a row. The properties are partially renovated with proven premiums on renovated units, presenting a value-add opportunity to enhance performance. Attractive assumable loan options are available with interest rates of 4.15% and 5.56%. The portfolio offers the opportunity for long-term growth and income generation, with new commercial and community development investments priming Vicksburg for growth. The cash on cash return is 8% with current T-3 financials.
Location Intelligence

Current Use by Public Records

Pecan Ridge Apartments Apartment Complex

Suggested Use

Realty agency Law Firm Restaurant Wholesale Shop Pharmacy HVAC Service Grocery Store Convenience Store Garden Center Pet Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Vicksburg
County
Warren
State
Mississippi
Longitude
-90.8084185
Latitude
32.3775651

FAQs

What type of property is this?
Apartment building - Portfolio of 3 apartment communities with 239 units in Vicksburg, MS.
Where is this apartment building located?
The property is located at 2501 Culkin Rd Vicksburg, MS.
What are key features of this property?
This property features: - High occupancy rate of 98% indicates strong tenant demand.; - Attractive assumable loan options with interest rates of 4.15% and 5.56%.; - Portfolio of 3 apartment communities (Cannongate, Pecan Ridge, & River Oaks) in Vicksburg, MS.
More about this property
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