This 12-unit commercial/retail property is a turnkey investment with strong cash flow and a 10% cap rate. The property is fully leased with tenants on month-to-month leases, providing flexibility for rent adjustments or lease restructuring. Carefully maintained, the building has no significant deferred maintenance and features recent upgrades, including LED lighting, a new surveillance system, and a freshly restriped parking lot. These improvements enhance security, energy efficiency, and curb appeal, making it an attractive asset for both tenants and investors. With detailed financial records available, this property offers a stable and profitable investment with a strong rental history. High tenant occupancy ensures steady cash flow, making it a reliable income-generating asset.
| MLS # | 4160362 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 21 |
| Listing Provided By | JDJ Realty | Kim Bobbitt |
| SQ Feet | 7,739 |
|---|---|
| Story(s) | 2 |
| Acreage | 0.44 |
| Property | 6789 |
|---|
| State | MS |
|---|---|
| County | Hinds |
| City | Jackson |
| Zip Code | 39206 |
| Area | Hinds |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $550,000 low | high Med: $229,000 sqft: 7,739 low | high Med: 1,240 $ / sqft: $71 low | high Med: $211 On site: 21 low | high Med: 7 | |
| State | MS |
|---|---|
| County | Hinds |
| City | Jackson |
| Zip Code | 39206 |
| Area | Hinds |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $550,000 low | high Med: $229,000 sqft: 7,739 low | high Med: 1,240 $ / sqft: $71 low | high Med: $211 On site: 21 low | high Med: 7 | |