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501 Cypress Ln
Greenville, MS 38701

$4,225,000 USD

Apartments For Sale  •  54,345 SF

Property Details

  • Property Type Apartments
  • Total Building Size 54,345 SF
  • Lot Size 8 AC
  • Building Class C
  • Year Built 1972
0 Transit Score
12 Walk Score

Highlights

Apartment community with upgrades including a new roof in 2020, on-site laundry, a four-bedroom Airbnb, and renovations to 80% of the apartments.
Vacant units haven’t been updated, offering a value-add opportunity to complete renovations and achieve 100% occupancy.
10 minutes from downtown Greenville, the Greenville Mall, the Delta Medical Center, The Trop Casino, and the Washington County Convention Center.
More than 29,000 residents within 5 miles, with 50% currently renting their homes, delivering household segment spending of more than $38 million.
Airbnb Unit 2103 Avg Daily Rate $202.00 | Additional 70k-100k of Annual Income
Possibilities to add more Airbnb Units

Amenities

  • Balcony
  • Controlled Access
  • Clubhouse
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 120
Type: Surface
Included in Rent: Yes
Steven Koutsantonis 917-903-4168 Cedar William
Steven Koutsantonis 917-903-4168 Cedar William