Movoto Real Estate

1021 Raymond Rd, Jackson, MS 39204

  • $1,950,000

  • 46

    bed

  • 46

    bath

  • 42,124

    Sqft ($46/Sqft)

Multi-family for sale 18 days
Movoto is helping 49 homebuyers near you

About 1021 Raymond Rd

Property type Multi-family
Neighborhood
Year built 1967
HOA fee $0/month
Lot size 1.84 Acre
Movoto estimate
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.
Listed by
Listing Agent - Kara S Washington
Listing Office - Legacy Real Estate
Source: MLS United mls logo mls badge logo
MLS#4159019 • last updated 2 weeks ago
Movoto checked MLS United for data 6 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Electric, Other
Heating Central, Electric, None
Levels/Style Two, Multi Family
MLS # 4159019
Virtual Tour External Link
SqFt 42124
Status Active
Lot Size (Acres) 1.84
Lot Size (SqFt) 80150.4
Property Tax 4919.93
Year Built 1967
Interior
Total # of Bathrooms 46
# of Full Baths 46
Total # of Bedrooms 46
Exterior
Foundation Slab
Roof Metal
Construction Brick
Parking Parking Lot
Fencing Wood, Wrought Iron
Exterior Features Uncovered Courtyard
Lot Features Fenced
Amenities / Utilities
Water Source Public
Location
Waterfront None
County Hinds
Subdivision Metes And Bounds
Elementary School Bates
Middle School Cardoza Middle
High School Forest Hill
APN 631-18
Multifamily Details
Owner Pays Exterior Maintenance, Grounds Care, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
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Around South West Jackson

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  • Real Estate
  • MS
  • Hinds County
  • Jackson
  • 39204
  • 1021 Raymond Rd

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