Value-Add Multifamily Near Interstate 55 | 303 Genesis Ct
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Value-Add Multifamily Near Interstate 55 303 Genesis Ct
32 Unit Apartment Building $2,100,000 ($65,625/Unit) 9.39% Cap Rate Yazoo City, MS 39194
Investment Highlights
- Income-producing apartment community comprising 32 units across 8 two-story buildings on a professionally landscaped 4.32-acre lot.
- Community attracts commuting professionals, with I-55 and Highways 3 & 16 providing easy access to major employers and quality retail amenities.
- With a flexible mix of one-, two-, and three-bedroom apartments, the community is 88% occupied, and the remaining units are pre-leased.
- Yazoo City offers a sizable renter population, with 52% of the almost 20,000 residents currently renting their homes.
Executive Summary
ASKING: $2,100,000 | 9.4% CAP
Investment Opportunity Overview:
We are excited to offer an attractive investment opportunity at 313 Genesis Court, Yazoo City, MS—The River Oak Village Apartments, a turnkey multifamily complex. This property offers investors a well-located and stable multifamily investment.
Key Property Details:
* Property Address: 313 Genesis Court, Yazoo City, MS 39194 [Google Street View Link]
* Purchase Price: $2,100,000
* Cap Rate: 9.4%
* Property Type: Multifamily (32 Units)
* Occupancy: 100% fully occupied
* Unit Mix: A variety of 1-bed, 2-bed, and 3-bed units
* Year Built/Renovated: 1991 / 2024
* Total Square Footage: 23,850 sq. ft.
* Land Size: 4.32 acres
* Net Operating Income (NOI): $197,192 (current)
* Gross Operating Income (GOI): $305,280 with room for growth (proforma: $515,067)
* Expenses: $108,088,
Investment Highlights:
* Prime Location: Located near downtown Yazoo City, River Oak Village provides easy access to major employers and retail amenities, including Walmart, CVS, Subway, and more. The property is also near key transportation routes such as Interstate 55 and State Route 3.
* Strong Cash Flow: The property is fully occupied, generating stable income with a current NOI of $103,320.39. There is further upside with opportunities to increase rents, filling vacant units, and cutting operational expenses.
* Value-Add Potential: With a few upgrades, the River Oak Village has the potential for increased rents and further value creation. The proforma shows a potential NOI increase to $130,405.19.
* Community Amenities: The complex offers well-maintained grounds, ample parking, and mixed gas and electric ovens. Additionally, some units feature washer and dryer hookups.
* Section 8 Housing Potential: The unit sizes and rent structures align with Section 8 housing, making the property an attractive candidate for potential rent guarantees under HUD’s housing programs.
Investment Opportunity Overview:
We are excited to offer an attractive investment opportunity at 313 Genesis Court, Yazoo City, MS—The River Oak Village Apartments, a turnkey multifamily complex. This property offers investors a well-located and stable multifamily investment.
Key Property Details:
* Property Address: 313 Genesis Court, Yazoo City, MS 39194 [Google Street View Link]
* Purchase Price: $2,100,000
* Cap Rate: 9.4%
* Property Type: Multifamily (32 Units)
* Occupancy: 100% fully occupied
* Unit Mix: A variety of 1-bed, 2-bed, and 3-bed units
* Year Built/Renovated: 1991 / 2024
* Total Square Footage: 23,850 sq. ft.
* Land Size: 4.32 acres
* Net Operating Income (NOI): $197,192 (current)
* Gross Operating Income (GOI): $305,280 with room for growth (proforma: $515,067)
* Expenses: $108,088,
Investment Highlights:
* Prime Location: Located near downtown Yazoo City, River Oak Village provides easy access to major employers and retail amenities, including Walmart, CVS, Subway, and more. The property is also near key transportation routes such as Interstate 55 and State Route 3.
* Strong Cash Flow: The property is fully occupied, generating stable income with a current NOI of $103,320.39. There is further upside with opportunities to increase rents, filling vacant units, and cutting operational expenses.
* Value-Add Potential: With a few upgrades, the River Oak Village has the potential for increased rents and further value creation. The proforma shows a potential NOI increase to $130,405.19.
* Community Amenities: The complex offers well-maintained grounds, ample parking, and mixed gas and electric ovens. Additionally, some units feature washer and dryer hookups.
* Section 8 Housing Potential: The unit sizes and rent structures align with Section 8 housing, making the property an attractive candidate for potential rent guarantees under HUD’s housing programs.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
Property Facts
| Price | $2,100,000 | Apartment Style | Garden |
| Price Per Unit | $65,625 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.32 AC |
| Cap Rate | 9.39% | Building Size | 23,850 SF |
| No. Units | 32 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Price | $2,100,000 |
| Price Per Unit | $65,625 |
| Sale Type | Investment |
| Cap Rate | 9.39% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.32 AC |
| Building Size | 23,850 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Parking Ratio | 1.84/1,000 SF |
Unit Amenities
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- Kitchen
- Range
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Value-Add Multifamily Near Interstate 55 | 303 Genesis Ct
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