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31392919
31392920

278 Concourse Rd, Columbus, MS 39702

AS
MS B-24238
The hospitable agents
Listed by The hospitable agents
$1,784,000
66 days on market
Updated 35 days ago

Columbus, MS Cluster

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 15,050
Units 11
Cap Rate 9.54%
NOI $170,140
Occupancy 100%
Pro-Forma Cap Rate 10.93%
Pro-Forma NOI $195,000
Price per SqFt $119
Class B
Year Renovated 2023
Buildings 11
Zoning r
Investment Type Stabilized

Multifamily | 11 Units | $162,182/unit

Marketing description

This fully stabilized portfolio of 11 single-family homes offers investors a rare opportunity to acquire a high-performing, cash-flowing asset with strong in-place income and operational efficiency. The portfolio is 100% occupied and generates $17,600 in monthly rental income ($188,400 annually), delivering a solid NOI of $170,140 and an attractive 9.5% cap rate at the $1,784,000 asking price.

Strategically positioned with all properties located in close proximity, this portfolio benefits from streamlined management and reduced operational overhead—ideal for both local and out-of-state investors seeking efficiency at scale.

Key Investment Highlights:

  • Turnkey, Stabilized Asset: Fully leased with consistent cash flow from day one
  • Strong Returns: 8.5% cap rate with $160K+ NOI
  • Operational Efficiency: Clustered locations allow for easy, cost-effective management
  • Limited CapEx Exposure: Majority of major capital improvements already completed
  • Rental Upside Potential: Current rents below market provide opportunity for future increases
  • Healthy Rental Market: Supported by a stable employment base with average rental days on market of just 27 days
  • Attractive Unit Economics: Average rent of $1,427 per unit

This portfolio is well-suited for investors seeking immediate yield with built-in upside, whether as a standalone acquisition or as part of a larger portfolio expansion strategy. With strong fundamentals, minimal vacancy risk, and favorable market dynamics, this offering presents a compelling blend of income, stability, and growth potential.

Listing Contacts

AS
MS B-24238
The hospitable agents
Listed by The hospitable agents

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$170,140.00
$14,178.33/mo

Valuation Metrics

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DSCR
9.54%
Cap Rate
9.54%
ROI

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