149 Millsaps Avenue Avenue, Jackson, MS 39202
$350,000
Property Type:
Res Income Multi-Fam
Bedrooms:
5
Baths:
4
Square Footage:
2,063
Lot Size (sq. ft.):
14,810
Status:
Active
Current Price:
$350,000
List Date:
4/18/2024
Last Modified:
4/18/2024
Description
149 Millsaps Avenue is a truly unique new multifamily development which is superbly located in the Midtown neighborhood of Jackson, Mississippi. This property features four urban lofts with floor-to-ceilings windows and modern features throughout. Originally designed as a sixteen unit project, the structure and foundation were built with the capability for vertical expansion. The sizeable lot also offers room for additional units and parking, all within seconds of Millsaps college and other area attractions. The sale of this property presents the opportunity to acquire a brand new multifamily development with a stabilized tenant mix and zero vacancy.
The vibrant midtown neighborhood is adjacent to the most expensive private college in the state of Mississippi (Millsaps College) and robust centers of employment (University of Mississippi Medical Center and Baptist Medical Center). The neighborhood is rapidly being redeveloped as a mixed use district which is home to many artists and creatives featuring the mantra ''Made in Midtown.'' The property is located within close proximity to I-55 and even closer to the major arteries of State Street and Woodrow Wilson.
More Information MLS# 4020800
Address and Location Information
Street Number: 149
Street Name: Millsaps Avenue
Street Suffix: Avenue
County: Hinds
State: MS
Zip Code: 39202
Parcel Number: 58-119-2 & 58-119-1
Subdivision: Metes And Bounds
Community Of: N/A
Listing Information
Status: Active
List Date: 2022-06-16
List Price: $350,000
Current Price: $350,000
Listing Service: Full Service
New Construction: Yes
Property Condition: New Construction
Co-Op and Commission Information
Buyer Agency Compensation: 2.5
Buyer Agency Comp Type: %
General Property Information
# of Units Included in Sale: 4
Approx Lot Size Acres: 0.34
Approx H/C SqFt: 2063
SqFt Source: Appraiser
List Price/SqFt: 169.66
Year Built: 2022
Year Built Source: Builder
Total Floors: 1
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Furnished: No
School District: Hinds CO Dist
Elementary School: Spann
Elementary School 2: N/A
Intermediate School: N/A
Middle or Junior School: Chastain
High School: Callaway
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 562.83
Tax Year: 2021
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT 5 LESS 10 FT S END BLK N HOWIE ROELL RESY
Remarks & Miscellaneous
Public Remarks: 149 Millsaps Avenue is a truly unique new multifamily development which is superbly located in the Midtown neighborhood of Jackson, Mississippi. This property features four urban lofts with floor-to-ceilings windows and modern features throughout. Originally designed as a sixteen unit project, the structure and foundation were built with the capability for vertical expansion. The sizeable lot also offers room for additional units and parking, all within seconds of Millsaps college and other area attractions. The sale of this property presents the opportunity to acquire a brand new multifamily development with a stabilized tenant mix and zero vacancy.
The vibrant midtown neighborhood is adjacent to the most expensive private college in the state of Mississippi (Millsaps College) and robust centers of employment (University of Mississippi Medical Center and Baptist Medical Center). The neighborhood is rapidly being redeveloped as a mixed use district which is home to many artists and creatives featuring the mantra ''Made in Midtown.'' The property is located within close proximity to I-55 and even closer to the major arteries of State Street and Woodrow Wilson.
Income & Expenses
Annual Net Income: 39761
Showing Requirements
Showing: Appointment Required
Property Features
Structure Type: Multi Family
Levels: One
Cooling: Ductless
Heating: Ductless
Utilities: Propane
Sewer: Public Sewer
Water Source: Public
Foundation Details: Pilings/Steel/Wood; Raised
Listing Terms: Cash; Conventional
Exterior Construction/Siding: Metal Siding
Roof: Metal
Exterior Features: See Remarks
Parking Features: Gravel; On Street
Waterfront Features: None
Listing Office: Overby, Inc.
Listing Agent: Sterling McCool
Last Updated: April - 18 - 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.