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1021 Raymond Rd Road, Jackson, MS 39204

$1,950,000
  • 1021 Raymond Rd Road, Jackson, MS 39204 Main Photo

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New to the Market Active
BEDS46 BATHS46 full SQUARE FEET42,124 MLS#4159019
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMetes And Bounds

Property Description

Excellent investment opportunity featuring a 46-unit gated apartment community in Jackson on approximately 2 acres. The property includes 16 one-bedroom flats and 30 spacious two-bedroom townhomes, offering strong value-add potential with a portion of the renovation work already completed. The 16 one-bedroom units have been substantially renovated with updated interior. The 30 townhomes provide significant upside for an investor to complete renovations, increase occupancy, and improve overall rental income and property performance. Positioned along one of South Jackson's established rental corridors, the property is conveniently located near Jackson State University, major roadways, employment centers, shopping, and other area amenities. With its combination of renovated units, remaining value-add potential, and attractive price per unit, this property presents an opportunity for an investor to acquire and reposition a sizable multifamily asset with considerable long-term equity and cash-flow potential.

1021 Raymond Rd Road | MLS# 4159019

This multi-family property located at 1021 Raymond Rd Road, Jackson, MS 39204 is currently listed for sale with an asking price of $1,950,000. Search Jackson real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Fenced: Yes
Lot Size: 1.84 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $4,919
Year Built: 1967

Feature Descriptions

Lot: Fenced
Parcel#: 631-18
Sewer: Public Sewer
Units: 46
Water: Public
Water Features: None

Local Schools

High School: Forest Hill
Middle School: Cardoza Middle
Elementary School: Bates

Listed By / Shown By

Listed By

Agency Name: Legacy Real Estate

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: MLS United MLS

Estimate Your Payment

Estimated Payment

$ 5,318.52 per month $4,339.85 Principal & Interest $409.92 Property Tax $568.75 Homeowner's Insurance

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