• Willow Creek Apartments - 2925 Eden St, Pascagoula, MS 39581

For Sale

Office

For Sale

This property is available for sale
1.83
Acres
Negotiable
Sale Price
  • Year Built
    1971 (Renovated 2016)
  • 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

Contact or Call

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 Type
    Office
  • Year Built
    1971Renovated 2016
  • Total Acres
    1.83
  • Number of Floors
    2
  • Property ID
    2116635

Landlord's Sales Representatives

  • Brian Savage
    Colliers | Birmingham, AL
     
  • Stephen Perlis
    Colliers | Birmingham, AL