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Caperton Townhomes - Availability Details

204 Caperton Lane, Cleveland, MS 38732

  • For Sale $5,500,000
  • City Cleveland
  • Zip Code 38732
  • Property Type Multi-Family
  • Property Size 78,432 Sqft
  • Lot Size 6.95 Acre
  • Year Built 1997
  • Year Renovated 2009
  • Date Updated 13 May, 2021
With a county population of 30,000 and a student population of nearly 4,000 the town of Cleveland is home to the second judicial seat of Bolivar county. Cleveland is home to one of the largest pharmaceutical manufacturing plants in the country, operated by Baxter Pharmaceuticals. In the heart of Cleveland and less than a mile from the property lies Delta State University. Delta State offers both a perennially ranked Junior College football program and the towns cultural center. On the Delta State Campus one can find the 28,000 square foot Grammy Museum which provides a unique visitor experience, only found elsewhere at the sister Grammy Museum in Los Angeles. The town is ideally situated to support multi-family properties with both consistent job opportunities from large and lasting employers. The property has a 1 mile median household income of $55,123 and the city itself has seen an increase in one-year median property value growth up to $115,800. Currently there are no construction deliveries expected in the market for the next twelve months and have not been any delivered in the preceding 12 months. This means that increased competition from new and better renting opportunities are not expected to hit the market any time soon.
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Location

  • City Cleveland, MS
  • Zip Code 38732

Contacts

broker

Logan Waller

Waller Group, L.L.C.

(214) 704-5001

Contact Listing Broker

broker

Logan Waller

Waller Group, L.L.C.

(214) 704-5001

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