522 & 524 University Dr - Apartments FOR SALE


Starkville, MS 39759- Cotton District
$2,480,000 USD
662-341-5205
522 & 524 University Dr, Starkville, MS for Sale
$2,480,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

522 & 524 University Dr
Starkville, MS 39759
Cotton District


HIGHLIGHTS

  • Located in the heart of the Cotton District, and a short walk to the Mississippi State University campus.

OVERVIEW

522 & 524 University Dr, Starkville, MS: Dynamic location Zoned T5-U. This 0.70acre± property is on Univ. Dr. in the heart of the Cotton District, a short walk to the Mississippi State University campus. 522 University Dr has Raintree Apartments (10 renovated units, all 2-bed/1-bath, with granite countertops, & stainless-steel appliances, in two brick buildings); and a 3-bed/2-bath house. 524 University Dr has a house split into 3 apartments that has been vacant for some time and would need renovation. Excellent opportunity for a legacy property as a total redevelopment, or keep the existing structures and bring to a market rental rate. *Seller prefers a transaction that is a partnership, retaining some equity in a joint venture. But, seller will entertain an outright offer to purchase*

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

14

PRICE/UNIT

$177,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

T5-U

APN/PARCEL ID

101D-00-024.00,101D-00-025.00

ASK ABOUT THIS PROPERTY

Scott FarmerFarmer Commercial PropertiesMore Info
662-341-5205

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Scott FarmerFarmer Commercial PropertiesMore Info
662-341-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.