Former Hotel/Employee Housing near Casinos in Tunica, MS
Value Add Multi Family/Hospitality/Housing Opportunity
Marketing description
Exceptional Investment Opportunity with Multiple Structures and Resort-Style Amenities. Discover the potential of this expansive property featuring five existing buildings and a wealth of amenities, all set on a prime site ready for revitalization or redevelopment.
· Current Use: Vacant
· Existing Rentable Units: 24
· Building Height: 2.0 Stories
· Number of Buildings: 5
· 9,980 SF Clubhouse, 3 buildings housing 1 BR/1BA, 1 Unfinished Shell, 1 Concrete Pad with stubbed plumbing
· Year Built: 1999
· Foundation: Concrete Slab
· Pool and Hot Tub
Investment highlights
✨ Property Highlights:
• Clubhouse: A spacious ±9,980 SF facility with ceramic tile flooring, LED lighting, and a layout that includes a welcoming reception area, offices, and restrooms. Ideal for community use or conversion to alternative purposes.
• Residential Units: Three buildings offering 24 one-bedroom, one-bathroom rental units, totaling approximately 17,220 SF. A solid foundation for generating rental income with room for upgrades.
• Expansion Potential: A ±2,870 SF shell building, originally designed for 8 additional units, currently used for storage. Plus, an unfinished concrete slab with roughed-in plumbing, offering further development possibilities.
• Amenities: Enjoy resort-style features including an outdoor pool, hot tub, and fitness center, enhancing the appeal for future tenants or guests.
• Infrastructure: All interiors are fully sprinklered for safety. Units share water and electricity systems, simplifying utility management.
🛠️ Value-Add Opportunity:
The property has been vacant for several years and presents a value-add opportunity for investors or developers. While some deferred maintenance is evident—including settlement in the clubhouse—this site is primed for transformation into a vibrant residential or mixed-use community.
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