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313 Genesis Ct Yazoo City, MS 39194

  • Apartment buildings
  • 23,850 SF
  • 4.32 lot acres
Value Estimation
Location Intelligence

Current Use by Public Records

  • Apartment buildings

Property Details for 313 Genesis Ct

Year built
1991
Lot size
4.32 lot acres
Property size
23,850 SF
Property type
Apartment buildings

Description

This exceptional investment opportunity presents a 32-unit apartment complex in Yazoo City, Mississippi. The property, built in 1991 and extensively renovated in 2024, boasts a 100% occupancy rate, generating substantial income. Comprising eight single-story buildings on a 4.32-acre lot, the complex offers a mix of one-, two-, and three-bedroom units totaling 23,850 square feet. Recent upgrades include a new roof and HVAC systems in 85% of the units, along with washer/dryer hookups in select units. The property features 46 parking spaces, providing a 0.70 parking ratio per unit. Conveniently located near Interstate 55 and State Route 3, the complex benefits from proximity to major employers like the Federal Correction Complex – Yazoo City, Texas Eastern Transmission, and Amco Manufacturing, as well as numerous retail options including Walmart, Dollar General, and fast-food restaurants. The strong local rental market, with average rents around $789.84 per month, and the low competition within the area make this a highly attractive investment. The property's current gross operating income is $179,388, with a net operating income of $103,320.39. Pro forma projections indicate a potential gross operating income of $216,720 and a net operating income of $130,405.19 with planned rent increases. This fee-simple ownership offers a stable, cash-flowing asset with significant value-add potential. The Yazoo City population of approximately 11,000, and Yazoo County's population of around 28,000, further supports the property's strong rental demand.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Yazoo City
County
Yazoo
State
Mississippi
Longitude
-90.4137
Latitude
32.8569
More about this property
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