1021 Raymond Rd Road, Jackson, MS 39204
$650,000
Property Type:
Res Income Multi-Fam
Bedrooms:
45
Baths:
45
Square Footage:
42,124
Lot Size (sq. ft.):
80,150
Status:
Active
Current Price:
$650,000
List Date:
4/25/2024
Last Modified:
4/25/2024
Description
Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!
More Information MLS# 4049391
Address and Location Information
Street Number: 1021
Street Name: Raymond Rd
Street Suffix: Road
County: Hinds
State: MS
Zip Code: 39204
Parcel Number: 631-18
Subdivision: Metes And Bounds
Community Of: N/A
Listing Information
Status: Active
List Date: 2023-06-03
List Price: $650,000
Current Price: $650,000
Listing Service: Full Service
New Construction: No
Co-Op and Commission Information
Buyer Agency Compensation: 2.5
Buyer Agency Comp Type: %
General Property Information
# of Units Included in Sale: 46
Approx Lot Size Acres: 1.84
Approx H/C SqFt: 42124
SqFt Source: Appraiser
List Price/SqFt: 15.43
Year Built: 1967
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 45
Bathrooms Total: 45
Bathrooms Full: 45
Furnished: Yes
School District: Jackson Public
Elementary School: Bates
Elementary School 2: N/A
Intermediate School: N/A
Middle or Junior School: Cardoza Middle
High School: Forest Hill
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 4768
Tax Year: 2023
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: BEG INT E 1/2 W 1/2 SEC 7 T5N R1E & S/L
RAYMOND RD E 261 FT S 309.5 FT W 260.74 FT N 324.92 FT TO POB PT SE 1/4 SEC 7 T5N R1E LESS TO CITY FOR ST
Remarks & Miscellaneous
Public Remarks: Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!
Showing Requirements
Showing: Appointment Required
Property Features
Structure Type: Multi Family
Additional Type Details: Apartment Complex
Levels: Two
Owner Pays: Water
Furnished: Unfurnished
Cooling: Other
Heating: Other
Utilities: Sewer Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Cash; Conventional
Exterior Construction/Siding: Brick
Roof: Metal
Exterior Features: Uncovered Courtyard
Parking Features: Parking Lot
Waterfront Features: None
Listing Office: Legacy Real Estate
Listing Agent: Kara Washington
Last Updated: April - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.