1021 Raymond Rd Road,Jackson, MS 39204
Jackson, MS 39204
Description
Excellent investment opportunity featuring a 46-unit gated apartment community in Jackson on approximately 2 acres. The property includes 16 one-bedroom flats and 30 spacious two-bedroom townhomes, offering strong value-add potential with a portion of the renovation work already completed. The 16 one-bedroom units have been substantially renovated with updated interior. The 30 townhomes provide significant upside for an investor to complete renovations, increase occupancy, and improve overall rental income and property performance. Positioned along one of South Jackson's established rental corridors, the property is conveniently located near Jackson State University, major roadways, employment centers, shopping, and other area amenities. With its combination of renovated units, remaining value-add potential, and attractive price per unit, this property presents an opportunity for an investor to acquire and reposition a sizable multifamily asset with considerable long-term equity and cash-flow potential.
Details
| MLS # | 4159019 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 36 |
| Listing Provided By | Legacy Real Estate | Kara S Washington |
Features
| Bed(s) | 46 |
|---|---|
| Bath(s) | 46 Total |
| SQ Feet | 42,124 |
| Story(s) | 2 |
| Units | 46 |
| Acreage | 1.84 |
| Water Front | None |
Interior
| Cooling | Ceiling Fan(s), Electric, Other |
|---|---|
| Heating | Central, Electric, None |
| Furnished | No |
Exterior
| Exterior Features | Uncovered Courtyard |
|---|---|
| Roof | Metal |
| Construction Materials | Brick |
| Foundation Details | Slab |
| Lot Features | Fenced |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|
Taxes
| Property | 4919 |
|---|
Area Information
| State | MS |
|---|---|
| County | Hinds |
| City | Jackson |
| Zip Code | 39204 |
| Area | Hinds |
| Community Name | Metes And Bounds |
| School District | Forest Hill |
| Elementary School | Bates |
| High School | Forest Hill |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,950,000 low | high Med: $229,900 sqft: 42,124 low | high Med: 2,236 $ / sqft: $46 low | high Med: $103 On site: 36 low | high Med: 79 | |
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Learn More About This Property
| State | MS |
|---|---|
| County | Hinds |
| City | Jackson |
| Zip Code | 39204 |
| Area | Hinds |
| Community Name | Metes And Bounds |
| School District | Forest Hill |
| Elementary School | Bates |
| High School | Forest Hill |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,950,000 low | high Med: $229,900 sqft: 42,124 low | high Med: 2,236 $ / sqft: $46 low | high Med: $103 On site: 36 low | high Med: 79 | |