Tiny Home Apartments
$10,500,000
158 Cliff Mitchell Road, Picayune, MS 39466
6.92
Cap Rate
726,423
NOI
Details:
Highlights:
- Tiny Home Construction Completed 2024
- Operationally Turn-Key
- Meticulously & Professionally Managed
- High Growth Area With Strong Demand And Ability To Scale
- Tiny Home Construction Completed 2024
- City Utilities
Description:
Tiny Home Apartment Rentals is a 101-unit, park-owned community situated on 25.2 acres just off Interstate 59 at Exit 1 in one of Mississippi’s fastest-growing counties. Strategically positioned in a renter-dense area, this cash-flowing asset is currently 87% occupied with strong leasing momentum—offering stable returns in the long-term rental market and upside potential through short-term rentals that capture both workforce housing demand and year-over-year growing attendance at numerous annual tourism events
Property & Operational Highlights
101 units: 70 Tiny Homes, 7 Apartments, 12 Duplexes (24 doors total)
All homes park-owned and built within the last 4 years — low maintenance costs
Fully cashless rent collection: 80% auto-draft, 20% money order
Tenant-paid utilities (electric individually metered; water master metered)
Current occupancy: 87%
Connected to city utilities and located outside the flood zone
On-site office with room for future expansion
Income & Performance
Gross Potential Rental Income: $100,600/month
Additional laundry income (with capacity to expand W/Ds)
Short-Term Rental Flexibility
5 Tiny Homes enrolled in Evolve’s short-term rental program (10% management fee)
Average Daily Rate (ADR): $78.72
Opportunity to expand short-term rental program further
Capitalize on regional tourism from:
Crusin’ The Coast (100,000+ attendees)
Peter Anderson Festival (150,000+ visitors)
Jeepin’ The Coast, Scrapin’ The Coast, and more
Less than 1 hour to New Orleans and 30 miles from MS Gulf Coast beaches
Economic Growth & Market Demand
Located in a high-growth area with strong public infrastructure investment
Supported by state and local economic development grants
Nearby Major Employers
Ochsner Medical Center
Hollywood Casino & Resort
Picayune Industrial Park
Stennis Space Center
Pearl River Community College
This offering presents a rare opportunity to acquire a stabilized, income-generating asset with built-in operational efficiencies and untapped value-add potential in a growing Gulf South market.
Location

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