Kosciusko Affordable Housing
Affordable Housing
Marketing description
Kosciusko Family Apartments is a 24-unit, project-based Section 8 multifamily community located at 200 Wildwood Terrace in Kosciusko, Mississippi. Situated on approximately 3.15 acres and encompassing ±19,247 square feet, the property offers investors a rare opportunity to acquire a 100% occupied, government-backed affordable housing asset with long-term income security .
The property benefits from a HUD Housing Assistance Payments (HAP) contract extending through 2036, providing consistent revenue supported by federal guarantees. Its location in the county seat of Attala County ensures steady tenant demand, supported by nearby healthcare facilities, schools, retail services, and strong regional connectivity to Jackson, Mississippi—approximately 70 miles southwest.
Built in 1983 and zoned R-4 Multifamily, Kosciusko Family Apartments is a turnkey investment well-positioned for long-term hold strategies, mission-driven ownership, or tax credit recapitalization. Additionally, the asset presents a potential 4% or 9% LIHTC opportunity, offering qualified buyers future value enhancement through rehabilitation or refinancing initiatives.
This offering is ideally suited for affordable housing investors, nonprofit organizations, public-private partnership developers, and long-term yield-focused buyers seeking stable cash flow with meaningful community impact.
Investment highlights
Long-Term Government-Backed Income
Project-Based Section 8 property with a HUD HAP Contract in place through 2036, providing predictable and stable cash flow backed by the federal government .
100% Occupancy – Proven Demand
Fully occupied asset demonstrating consistent tenant demand in an established affordability-constrained market .
Attractive Basis & Value Stability
Offered at $1,425,000, representing a compelling entry point for affordable-housing investors seeking downside protection and durable yield .
LIHTC Upside Potential
Property presents a 4% or 9% LIHTC opportunity, allowing investors to explore recapitalization, rehabilitation, or long-term tax credit strategies (subject to agency approval) .
Turnkey Physical Condition
Well-maintained multifamily asset with solid physical condition, minimizing near-term capital expenditure requirements .
Strong Location Fundamentals
Located in Kosciusko, MS, the county seat of Attala County, with regional access via Highway 12 and Highway 35 and proximity to retail, medical, and educational amenities .
Zoned for Multifamily Use
Zoned R-4 Multifamily, supporting continued residential operations and future redevelopment or enhancement strategies
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