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RIver Oak Village Apartments

$1,975,000

290, 303, 313 Genesis Court, Yazoo City, MS 39194

Active
Last Updated: 12/20/2024

10

Cap Rate

197,192

NOI

Details:
Cap Rate:    10%
NOI:    $197,192
Building Size:    23,850 sqft
Occupancy:    100%
Units:    32
Parking Spots:    46
Year Last Renovated:    2024
Roof:    Asphalt
HVAC:    Central
Highlights:
  • Tenant Reimbursed Landlord For Water/Sewer and Garbage
  • Landlord has storage and material on-site property manager can be retained
  • Some Units Have Washer and Dryer Hookups
  • Mixed Gas and Electric Ovens
  • New Roof 2020
  • HVAC is Central Air and Units Are 85% New Extra Condensors On Site
Description:

Cedar William as the exclusive advisor to the Owner. Is delighted to offer a significant Investment opportunity at 313 Genesis CI . Yazoo City. MS. 303 Genesis Cowl. the River Oak Village. Is a turnkey multifamily Investment with a prime location in the scenic bedroom community of Yazoo City. Mississippi.

The community comprises eight two-story buildings across 4.32 acres originally constructed in 1991. Totaling 23.1350 square feet. the garden-style apartment complex provides abundant on-site parking a well-maintained brick facade. professionally landscaped roads. and a flexible mix of one-. two., and three-bedroom units. With 32 units currently 98% occupied, this cash-flowing property presents an additional value-add upside to to the remaining vacancies and bring the community to its peak performance.

The River Oak Village is ideally situated loss than 10 minutes from downtown Yazoo City. near large employers and Quality retail amenities. The Interstate SS retail and commuter corridor is just six minutes away. home to household name brands. including CVS. Walmart Supercenter. Dollar General Pizza Hut. Burger King. Subway. KFC and many more. Another vital commercial thoroughfare. State Route 3 is just five minutes away. providing residents with easy access to the city's largest employers. which include the Federal Correction Complex -Yazoo City. Texas Eastern Transmission. Amco Manufacturing. and J & J Bagging

Located less than an hour north of Jackson. Yazoo City is a close-knit commuter enclave on the banks of the Yazoo River. Its charming, walkable main strove is lined with local restaurants and shops painted in vibrant pastels. Proximity to Mississippi's capital and most populous city provides Yazoo City residents with quick access to urban amenities and major employers. This big city convenience is juxtaposed by the rich natural beauty of several nearby wildlife refuges and the Delta National Forest. .47300 City is home to a population of approximately 20.000. with 52% currently renting their homes. This sizable renter pool has resulted in a consistent pipeline of new residents. providing long-term stability to a now Owner.

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