313 Genesis Ct Yazoo City, MS 39194

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.

Location Insight

City

Yazoo City

County

Yazoo

State

Mississippi

Longitude

-90.4137

Latitude

32.8569