Pearl Drive Apartments

Highlights:

• 18 units
• Renovated in 2020
• Located in the vibrant Pearl area
• 94% occupancy rate
• Strong rental history and income potential

Description:

NAI UCR Propeties is proud to present this 18-unit multi-family property at 409-412 Pearl Drive, Pearl, MS for sale. This property offers an excellent investment opportunity in a prime location. Comprising four buildings, the property includes 1-bedroom, 1-bath studio-style units. Buildings 409-410 were constructed in the mid-1950s, Building 411 in 1967, and Building 412 in the mid-1970s, with its roof replaced around 2020. The property is conveniently situated near major shopping centers, local attractions, Rankin County school district and within easy reach of the airport, making it an attractive option for renters seeking affordability and accessibility.

The property is self-managed, with all utilities handled by the owner, and has no laundry hookups on-site. Seventeen of the 18 units have been upgraded, though additional improvements could further enhance their value. This is an ideal opportunity for an investor seeking a manageable property with excellent upside potential.

* Owner holds an active RE license and authorized to do business in the state of MS.

Located in a desirable area off of Hwy 80 in Pearl, MS. The property is 1/2 a mile from Pearson Road and 2 miles from I-20. The property is close to major shopping centers, grocery stores, dining, retailers, and in the Rankin County school district.

Property handles all utilities; no laundry hookups on-site.

Buildings 409-410 were built in 1953. Building 411 was built in 1967 and building 412 was built in the mid-1970s and the roof was replaced in 2020. The 18 units are contained in four, one-story residential buildings.

* Owner holds an active RE license and authorized to do business in the state of MS.

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