Portfolio of apartment complexes for sale on the Mississippi Gulf Coast which is one of the fastest growing economies in the state. Renovations will allow new owners to position these complexes for some of the best rental rates in the market. Complexes are well located with in areas with average household income of $60K. One complex has waterfront and dock access and a pool and both complexes have attractive facilities and amenities. Priced just under $12 million with a SF price of just over $114. Good opportunity for multifamily investment in one of the best markets in Mississippi. Contact me for an information package.Robert W Neill Jr, Real Estate Broker 601-519-0075 (Text, Whatsapp, Signal)
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One of my advertising slogans is "you only get one chance to pay the right price" That is especially true in 2022 for rural Mississippi land prices. A 3 year Covid pandemic, Ukraine war, inflation, depressed timber prices, and a near recession has resulted in prices being volatile. Earlier in the year some buyers paid $2,000 for bare earth freshly cutover land which would costs hundreds per acre to replant while others have waited and are now seeing prices start to moderate with some cutover tracts as low as $1,100 to $1,200 per acre and some tracts with good plantation and mixed timber stands being priced under $2000 an acre. When I represent the buyer side of a deal I try to look at every possible factor and get the best feel of what would be the bottom dollar the seller would take under the circumstances. If we continue to have economic worries from 2022 through 2024 it will be an ideal time to buy land.