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27768718
27768711

330 Elm St, Grenada, MS 38901

DD
MS MS S-55883, TN TN 337438 (+1)
Woodyard Realty Corporation
BS
TN 330010, MS S-55772
Woodyard Realty Corporation
Listed by Woodyard Realty Corporation
$595,000
227 days on market
Updated 24 days ago

Grenada, MS Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Units 9
Pro-Forma Cap Rate 10.23%
Pro-Forma NOI $60,858
Year Built 1970
Year Renovated 2024
Buildings 7
Stories 2
Acreage 8.700

Multifamily | 9 Units | $66,111/unit

Marketing description

Woodyard Realty Corporation was retained by Ownership as its exclusive representative in the sale of the Grenada, MS Portfolio (“The Portfolio”), a nine unit investment portfolio consisting of eight multifamily units and one single family home (SFH).

The Portfolio consists of four 2Bd/1.5Ba units, four 2Bd/1Ba Townhomes, and one single family home. One of the eight multifamily units is currently being used as storage. The Portfolio has undergone significant renovations and is being presented to market in near turn-key condition.

The multifamily units have been completely renovated including exteriors and interiors. The interior of the storage unit has not been renovated. The single-family home is near completion of the renovation and is being sold as-is. The SFH has received exterior renovations and plumbing/utility upgrades. The interior of the home has been sheet rocked, and the remaining work is interior finish-out.

Grenada, MS, located on Interstate 55, has experienced recent investment helping grow the employment base. Milwaukee Tools and Modine Manufacturing have invested and plan to invest nearly $100 million creating 1,250+ jobs in Grenada.

Due to increased investment and job growth in Grenada, MS, the county issued a housing RFP to jump-start supply in July 2025. Additionally, in the same county commissioned study that resulted in the RFP, Grenada leadership projects a need of ~2,983 additional homes by 2030 to keep up with job growth.

This Portfolio presents investors an opportunity to purchase a near turn-key investment portfolio in a market rich with housing demand.

Listing Contacts

DD
MS MS S-55883, TN TN 337438 (+1)
Woodyard Realty Corporation
BS
TN 330010, MS S-55772
Woodyard Realty Corporation
Listed by Woodyard Realty Corporation

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Additional Information

Name
David Dorris
License
MS S-55883
Brokerage Phone
901-767-1998
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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