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1025 Madison Street, A, B & C, Jackson, MS 39202

$220,750
Property Type: Res Income Multi-Fam Bedrooms: 5 Baths: 5 Square Footage: 2,549 Lot Size (sq. ft.): 6,534 Status: Contingency - Right of First Refusal
Current Price: $220,750 List Date: 4/28/2024 Last Modified: 5/19/2024

Description

REDUCED PRICE ** Great opportunity to own investment property with a triplex in Belhaven! Prime rental location near colleges (Belhaven, Millsaps), medical (UMMC, Baptist) and easy access to I-55. 3 units, (2) units - 2 bedrooms and 1.5 baths and (1) unit - 1 bedroom and 1 bath. There is also an onsite laundry room for the tenants. Property being sold AS-IS. Seller will make no repairs. Seller is open to Owner Financing offers with a minimum of 25% down. Contact your realtor and schedule a showing today!

More Information MLS# 4078076

Address and Location Information

Street Number: 1025 Street Name: Madison Street Suffix: Street County: Hinds State: MS Zip Code: 39202 Unit #: A, B & C Parcel Number: 0021-0004-000 Subdivision: Belhaven/Belhaven Heights Directions to Property: Take I-55 to exit 96 C for Fortification Street. Keep right at the fork, follow signs for Belhaven University/Houses and merge onto E Fortification St. Follow E Fortification St to Madison St. Turn left onto Madison St. Destination will be on the right. Community Of: N/A

Listing Information

Status: Contingency - Right of First Refusal List Date: 2024-04-27 List Price: $220,750 Current Price: $220,750 Listing Service: Full Service

Co-Op and Commission Information

Buyer Agency Compensation: 2 Buyer Agency Comp Type: %

General Property Information

# of Units Included in Sale: 3 Approx Lot Size Acres: 0.15 Approx H/C SqFt: 2549 SqFt Source: Public Records List Price/SqFt: 86.6 Year Built: 1965 Year Built Source: Public Records Total Floors: 2 Bedrooms Total: 5 Bathrooms Total: 5 Bathrooms Full: 3 Bathrooms Half: 2 Furnished: No Pool: No School District: Jackson Public Elementary School: Power Apac Elementary School 2: N/A Intermediate School: N/A Middle or Junior School: Bailey Magnet High School: Murrah Accessibility Features: No

Tax and Financial Information

Tax Annual Amount: 3415 Tax Year: 2021 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: S 1/2 LOTS 1 & 2 MONTICELLO SUBN N J LESS 51.7 FT S/S

Remarks & Miscellaneous

Public Remarks: REDUCED PRICE ** Great opportunity to own investment property with a triplex in Belhaven! Prime rental location near colleges (Belhaven, Millsaps), medical (UMMC, Baptist) and easy access to I-55. 3 units, (2) units - 2 bedrooms and 1.5 baths and (1) unit - 1 bedroom and 1 bath. There is also an onsite laundry room for the tenants. Property being sold AS-IS. Seller will make no repairs. Seller is open to Owner Financing offers with a minimum of 25% down. Contact your realtor and schedule a showing today!

Income & Expenses

Vacancy Factor: 33.3

Waterfront Features

Waterfront: No

Showing Requirements

Showing: Appointment Required Lockbox Location: Front Door

Property Features

Structure Type: Triplex Architectural Style: Colonial Lot Features: Front Yard Levels: Multi/Split Owner Pays: Exterior Maintenance; Taxes Tenant Pays: All Utilities Interior Features: Built-in Features; Ceiling Fan(s) Special Purpose Rooms: Living/Dining Combo Kitchen Features: Breakfast Bar Bathroom Features: Ceramic Tile Fireplace Features: Other Appliances: Free-Standing Electric Range; Free-Standing Refrigerator Walls - Interior: Sheetrock Flooring: Carpet; Ceramic Tile; Laminate Window Features: Aluminum Frames Door Features: Dead Bolt Lock(s); Double Entry Laundry Features: Common Area Security Features: Fire Alarm Cooling: Ceiling Fan(s); Central Air; Window Unit(s) Heating: Central Utilities: Cable Available; Electricity Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Exterior Construction/Siding: Brick Roof: Shingle Exterior Features: Lighting Patio And Porch Features: Covered Fencing: Chain Link Driveway Features: Concrete Drive Parking Features: Common
Listing Office: Nix-Tann & Associates, Inc.
Listing Agent: Jamil Jackson
Last Updated: May - 19 - 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.