2501 Culkin Rd Vicksburg, MS 39183

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.