8221 Mississippi 39 Meridian, MS 39305
73-unit multifamily community with value-add potential near major employers.
Source:
Nmrk
Listing Agent: Gray Fiser
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity
This 73-unit multifamily community presents a value-add opportunity through interior renovations, as most kitchens and baths remain original. Upgraded units in the market achieve rent premiums of $243–$289 per month, indicating immediate revenue growth potential. The property is located within minutes of Naval Air Station Meridian (3,000 employees), Ochsner Rush Health (2,465 employees), Anderson Regional Medical Center (1,343 employees), and East Mississippi State Hospital (943 employees). The limited supply of renovated multifamily inventory and steady rent growth create a compelling environment for repositioning success. Major exterior and infrastructure work was completed in 2020, including new roofs and connection to municipal sewer, allowing new ownership to focus capital on high-return interior upgrades. Meridian serves as East Mississippi’s leading healthcare center and hosts Mississippi State University–Meridian, a growing academic anchor with expanding medical programs. Meridian sits at the intersection of I-20, I-59, and five major highways, placing 55% of the U.S. population within a day’s drive.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.6162
- Latitude
- 32.4868
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FAQs
What type of property is this?
Apartment building - 73-unit multifamily community with value-add potential near major employers.
Where is this apartment building located?
The property is located at 8221 Mississippi 39 Meridian, MS.
What are key features of this property?
This property features: - Significant rent increase potential through interior renovations; comparable upgraded units achieving $243-$289 monthly premiums.; - Recent capital improvements, including new roofs and municipal sewer connection.; - Strategic location at the intersection of I-20 and I-59, placing 55% of the U.S. population within a day's drive.