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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

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Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.