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1501 E Reed Rd
Greenville, MS 38703

Price Upon Request

Apartments For Sale  •  69,312 SF

Property Details

  • Property Type Apartments
  • Total Building Size 69,312 SF
  • Lot Size 6 AC
  • Building Class C
  • Year Built 1974
0 Transit Score
28 Walk Score

Highlights

Significantly positioned 72-unit multifamily property in Greenville, Mississippi, optimally offered at a substantial discount to replacement cost.
Low-occupancy acquisition provides value-add opportunity to renovate vacant/down units and lease-up at consistently increasing market rents.
Desirable opportunity offered at a lower cost basis to deliver refreshed units versus facing a complete teardown to minimize construction efforts.
Incentives, such as tax credits and reimbursement programs, may be available for affordable housing through ideal city, state, and federal programs.
Favorably situated next to Washington County Day School and within a five-minute drive to Walmart Supercenter, Kroger, Lowe's, and Greenville Mall.

Amenities

  • Air Conditioning
  • Cable Ready
  • Clubhouse
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Pool
  • Property Manager on Site
  • Heating
  • Laundry Service
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Maintenance on site
  • Online Services
  • Vinyl Flooring
  • Window Coverings

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 125
Type: Surface
Included in Rent: Yes