Magnolia Crossing Apartments

Gulfport, MSSVN | AVAT is excited to present Magnolia Crossing, an 80-unit property nestled in a quiet and convenient part of the Biloxi/Gulfport Area, less than 10 minutes from 70% of the jobs in this growing area of the Sunbelt region. This property is unique in many respects, but the most attractive feature is the DAY ONE CASH FLOW of over 8% (YR 1) a potential investor will be receiving. Current ownership has made it a priority to fill this property not only with a good tenant base, but also bring those tenants in near market rent. With loss-to-lease nearing the sub 10% mark, investors should expect a year one cash return of over $130k, resulting in a cash on actual cash return of 8.15%. The recommended five-year hold period offers an average cash on cash return over 12%, and an astounding IRR of over 31%, with only modest rent increases. Looking for a safe place to put your cash? Look no further, the opportunity is here, with Magnolia Crossing. Of Note: Southern Pines Apartments, a 101-unit property in Gulfport, and the Sister property to Magnolia Crossing, is available to purchase along with Magnolia, providing investors the opportunity to scale in the market, reduce expenses per unit, and establish an infrastructure that could acquire additional units in the coming 24 months.