3830 Poplar Springs Dr Meridian, MS 39305

Heritage Place and Regency Apartments, a 208-unit multifamily portfolio in Meridian, Mississippi, presents an investment opportunity. The portfolio comprises Heritage Place (128 units) and Regency Apartments (80 units), situated near each other in the North Meridian corridor. This pairing offers investors immediate scale and operating efficiencies, with the potential to implement a cohesive management and value-add strategy within the same submarket. Heritage Place has undergone $805,440 in capital improvements (approximately $6,300 per unit), strategically allocated across interior renovations and major systems. These improvements include unit upgrades, flooring replacements, painting and resurfacing, appliance upgrades, HVAC improvements, plumbing and electrical repairs, and exterior and roofing enhancements, reducing deferred maintenance. Regency Apartments has benefited from $517,357 in recent capital expenditures (approximately $6,500 per unit). Completed renovations include unit upgrades, flooring upgrades, HVAC improvements, plumbing and electrical work, and extensive exterior, roofing, landscaping, and common area enhancements. Meridian serves as a regional economic hub for East Mississippi and West Alabama, supported by healthcare, military, manufacturing, and logistics. Naval Air Station Meridian remains a long-term economic anchor, while Anderson Regional Medical Center and Rush Foundation Hospital provide employment stability. Residents benefit from proximity to Bonita Lakes Park and the Highway 39 North retail corridor. The portfolio offers the opportunity to acquire scale in a stable, yield-driven workforce housing market with upside through operational efficiencies and structured interior renovation programs. The assets will be offered free and clear of existing debt, and both portfolio and individual acquisition strategies will be considered.