Mixed-Unit Apartment
For Sale
Contact for pricing
158 Cliff Mitchell Rd, Picayune, MS 39466
Well-maintained, operationally turn-key 96-unit mixed apartment community with additional land for future development.
Property SizeContact for details
Days on Market122
Property Features for 158 Cliff Mitchell Rd
General Information
Standard status
Active
Property subtype
Multifamily, Mobile Home Park
Additional Details
Highway Access
Yes
Multifamily Units
96
Listing Agency:
Southeast Commercial Real Estate Services Gulfport
Listed By:
Wilson Kahlmus · License #12345
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 22 at 4:30AM
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 Southeast Commercial Real Estate Services Gulfport
Investment Insights
Based on property information with market context.
This is a well-maintained, operationally “turn key” apartment community with 96 mixed units. The property is described as generating demonstrably 17% to 22% below-market rents on twenty-two of the 2 bed/1 bath units. The offering also includes land sufficient to build 60 additional units.
The property is located in Picayune, Mississippi, less than one mile from Highway 59, identified in the remarks as a major transportation corridor connecting to the Louisiana North Shore and the MS Gulf Coast. Nearby employers listed include Stennis Space Center (12 miles), Picayune Industrial Park (5 miles), Ochsner Medical Center (15 miles), and Pearl River Community College (28 miles), along with Hollywood Casino & Resort (29 miles).
Overall, the asset combines an existing 96-unit operational rental base with additional land capacity for expansion based on the information provided.
The property is located in Picayune, Mississippi, less than one mile from Highway 59, identified in the remarks as a major transportation corridor connecting to the Louisiana North Shore and the MS Gulf Coast. Nearby employers listed include Stennis Space Center (12 miles), Picayune Industrial Park (5 miles), Ochsner Medical Center (15 miles), and Pearl River Community College (28 miles), along with Hollywood Casino & Resort (29 miles).
Overall, the asset combines an existing 96-unit operational rental base with additional land capacity for expansion based on the information provided.
Key Highlights
- 96‑unit mixed apartment community in Picayune, MS
- Cap rates offered at 10.7% on actual and 10.3% on Year 1
- Rents are 17–22% below market on 22 of the 2 bed/1 bath units
Property Analytics
Property Profile
Current Use
Lease Details
96
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 39466, MS
27,897
Population
12,870
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
152.8 sq mi
ZIP Area
183
Density / Sq Mi
$50,926
Median Household Income
$32,889
Median Earnings
$907
Median Rent
$161,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained, operationally turn-key 96-unit mixed apartment community with additional land for future development.
Where is this multifamily property located?
The property is located at 158 Cliff Mitchell Rd Picayune, MS.
What are key features of this property?
This property features: 96‑unit mixed apartment community in Picayune, MS; Cap rates offered at 10.7% on actual and 10.3% on Year 1; Rents are 17–22% below market on 22 of the 2 bed/1 bath units
