1160 Beauchamp St Greenville, MS 38703
- Apartment buildings
- 85,077 SF
- 7.60 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1160 Beauchamp St
- Year built
- 1973
- Lot size
- 7.60 lot acres
- Property size
- 85,077 SF
- Property type
- Apartment buildings
Description
This exceptional 100-unit apartment building in Greenville, Mississippi presents a compelling investment opportunity. The property, located at 1160 Beauchamp St, 38703, comprises 85,077 square feet across 15 buildings situated on a 7.6-acre lot. Built in 1973, the complex offers a mix of one, two, and three-bedroom units, currently boasting a 94% occupancy rate. The strong performance translates to a substantial net operating income (NOI) of $324,694, generating an attractive 8.00% capitalization rate on an asking price of $4,058,675. The property's strategic location between major thoroughfares and its proximity to various amenities contribute to its consistent occupancy and rental income of $674,000. This multifamily investment offers a balanced combination of strong financial performance and a desirable location in Greenville, MS. The property's size and unit mix provide a diverse revenue stream and potential for future growth. This is a rare opportunity to acquire a well-established, high-performing apartment complex in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Washington
- State
- Mississippi
- Longitude
- -91.0182
- Latitude
- 33.389
