Pearl Drive Apartments
Multifamily | 7.20% CAP | 18 Units
Marketing description
NAI UCR Propeties is proud to present this 18-unit multi-family property at 409-412 Pearl Drive, Pearl, MS for sale. This property offers an excellent investment opportunity in a prime location. Comprising four buildings, the property includes 1-bedroom, 1-bath studio-style units. Buildings 409-410 were constructed in the mid-1950s, Building 411 in 1967, and Building 412 in the mid-1970s, with its roof replaced around 2020. The property is conveniently situated near major shopping centers, local attractions, Rankin County school district and within easy reach of the airport, making it an attractive option for renters seeking affordability and accessibility.
The property is self-managed, with all utilities handled by the owner, and has no laundry hookups on-site. Seventeen of the 18 units have been upgraded, though additional improvements could further enhance their value. This is an ideal opportunity for an investor seeking a manageable property with excellent upside potential.
* Owner holds an active RE license and authorized to do business in the state of MS.
Investment highlights
18 units
Renovated in 2020
Located in the vibrant Pearl area
94% occupancy rate
Strong rental history and income potential
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