For Sale
For Sale
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Year Built
1971 (Renovated 2016)
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Overview
Willow Creek, a 96 unit multifamily complex, offers the multifamily investor an opportunity to acquire a well-positioned value add asset in a strategic coastal Mississippi market. The property benefits from many attributes that support an increase in value from the property, submarket, and regional levels. These include:
- Excellent acquisition basis
- Dynamic employment market
- Significant delta to market level occupancy and rental rates
- Major historical and recent capital improvement
- "Great bones" with low maintenance brick/vinyl exteriors and metal roofs
- Cash sale in an attractive debt environment
- Well located asset with convenient access to major area and regional employers and attractions
- High barrier to entry market with improvement in area apartment market fundamentals
- No additional recent supply or planned market rate competition
- Opportunity to implement a utility saving program including energy and water/sewer expenses
Laundry Facilities
Courtyard with Mature Trees
BBQ Grill & Picnic Area
Large Covered Pavillion
On-Site Maintenance & Management
Low Maintenance Exterior - Vinyl / Brick
Metal Roof
130 Parking Spaces
Renovations in 2007 and 2016
Pet Friendly
Property Details
Willow Creek, a 96 unit multifamily complex, offers the multifamily investor an opportunity to acquire a well-positioned value add asset in a strategic coastal Mississippi market. The property benefits from many attributes that support an increase in value from the property, submarket, and regional levels. These include:
- Excellent acquisition basis
- Dynamic employment market
- Significant delta to market level occupancy and rental rates
- Major historical and recent capital improvement
- "Great bones" with low maintenance brick/vinyl exteriors and metal roofs
- Cash sale in an attractive debt environment
- Well located asset with convenient access to major area and regional employers and attractions
- High barrier to entry market with improvement in area apartment market fundamentals
- No additional recent supply or planned market rate competition
- Opportunity to implement a utility saving program including energy and water/sewer expenses
Laundry Facilities
Courtyard with Mature Trees
BBQ Grill & Picnic Area
Large Covered Pavillion
On-Site Maintenance & Management
Low Maintenance Exterior - Vinyl / Brick
Metal Roof
130 Parking Spaces
Renovations in 2007 and 2016
Pet Friendly
- Property TypeOffice
- Year Built1971Renovated 2016
- Total Acres1.83
- Number of Floors2
- Property ID2116635