Vaiden Affordable Housing
Affordable Housing
Marketing description
Vaiden Rental Housing is a well-located 28-unit, Project-Based Section 8 multifamily community offered at an attractive basis in Vaiden, Mississippi. The property benefits from a long-term HUD HAP contract through 2036, ensuring reliable, government-backed income and reduced volatility for investors.
The asset consists of approximately 21,926 square feet situated on ±3.44 acres, with current occupancy at 95%. Zoned R-4 Multifamily, the property offers both operational stability and future repositioning flexibility, including a potential 4% or 9% LIHTC conversion for qualified buyers.
Strategically located along Court Street, the property sits in the county seat of Carroll County, approximately 79 miles northeast of Jackson, MS, with regional access via Highway 51 and Highway 35. The surrounding area is supported by essential retail, medical, and educational amenities, reinforcing long-term tenant demand.
Vaiden Rental Housing represents an ideal opportunity for affordable housing investors, developers, or public-private partnership groups seeking stable cash flow today with meaningful upside through tax credits, recapitalization, or long-term hold strategies.
Investment highlights
Long-Term HUD Revenue Stability
Project-Based Section 8 Housing Assistance Payments (HAP) contract in place through 2036, providing predictable, government-backed cash flow.Strong Occupancy with Embedded Demand
Property is currently 95% occupied, reflecting sustained demand for quality affordable housing in the Vaiden submarket.LIHTC Repositioning Opportunity
Eligible for 4% or 9% Low-Income Housing Tax Credits (LIHTC), offering investors a compelling value-add or recapitalization strategy.Turnkey Asset with Solid Fundamentals
Well-maintained improvements built in 1981 with a functional unit mix and ±21,926 SF across 28 units.Large Site with Expansion or Redevelopment Potential
Situated on ±3.44 acres, providing flexibility for future improvements, reconfiguration, or ancillary development (subject to zoning).Attractive Basis in a Supply-Constrained Market
Offered at $1,500,000, presenting a favorable per-unit and per-square-foot basis relative to replacement cost.Proven Affordable Housing Market
Central Mississippi continues to experience consistent demand for subsidized rental housing supported by stable demographics and limited new supply.
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