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347 Magnolia Rd, Jackson, MS 39209

$63,000

Last sold 01/06/2023 for $44.9K

3
bed
2
bath
1,298
Sqft ($35/Sqft)

House not for sale

About 347 Magnolia Rd

Property type House

Neighborhood

Year built 1957

HOA fee $0/month

Lot size 0.3 Acre

Movoto estimate

Rental estimate

Property description

Attention all investors! This is a fantastic opportunity to get a great, above market return on this 3BR/2BA, 1298sf single-family home located in the Magnolia Terrace area of Jackson. This property would be perfect for a rental portfolio or as a fix and flip opportunity. The home primarily needs interior and cosmetic rehab/repairs, or a deep clean and paint to be tenant ready for 2023. The stove is less than a year old, the roof was replaced 4 years ago, the new HVAC system and deck were built within the last 2 years, and the security system is wired and intruder-deterrent windows make this a solid investment opportunity with a low cost of entry/overhead to get it cashflow positive. Please note that this property is being sold AS IS and may not qualify for certain funding/financing types due to the as-is nature of the sale. The seller will not make any repairs prior to the act of sale, and buyer inspections are for buyer informational purposes only. Special consideration may be given to cash/quick-close capable offers. Don't miss out on this amazing investment opportunity!

Listed by

Listing Agent - Michelle L Wood

Listing Office - IIS Realty Mississippi, LLC

Source: MLS United

MLS#4035733 • last updated 3 years ago

Movoto checked MLS United for data 5 minutes ago

Overview
Cooling/AC	Central Air
Heating	Central
Levels/Style	One, House
MLS #	4035733
SubType	Single Family Residence
SqFt	1298
Status	Closed
Lot Size (Acres)	0.3
Lot Size (SqFt)	13068
Property Tax	613
Year Built	1957

Interior
Total # of Bathrooms	2
# of Full Baths	2
Total # of Bedrooms	3
Appliances	Refrigerator

Exterior
Foundation	Slab
Roof	Asphalt
Construction	Other
Parking	Attached Carport
Exterior Features	Other

Amenities / Utilities
Water Source	Public

Location
County	Hinds
Subdivision	Metes And Bounds
Elementary School	Other
Middle School	Other
High School	Other
APN	811 137 0
Directions	Head South Toward Industrial Dr, Turn Right Onto Industrial Dr, Turn Left Onto Country Club Dr, Keep Right To Continue On Clinton Blvd, Turn Right Onto Magnolia Rd - Destination Will Be On The Left

$63K

Range: $44.1K-$81.9K

Last 30 days

Rental est.: $980/month

• Gross rent multiplier: 3.8 - Excellent

Jan 2023
MLS # 4035733
Jan 8, 2023 Pending
—
Jan 3, 2023 Price Change
$44,900 (-7.4%)
Dec 20, 2022 Listed
$48,500

Year Property taxes Tax assessment
2024
$1,168 +90.6%

$6,042 +50.0%
2023
$613 -20.9%

$4,028
2022
$775

$4,028
2021
$775 +28.5%

$4,028 +0.7%
2020
$603 -0.1%

$4,000
2019
$604 -20.3%

$4,000
2018
$757 +31.5%

$4,000
2017
$576

$4,000
2016
$576 +6.8%

$4,000
2015
$539

—

347 Magnolia Rd
$44.9K
North West Jackson
$80K
39209
$59.9K +3% y/y
Jackson
$105K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
355 Magnolia Rd, Jackson, MS 39209	$107,000	3/2	1,773	0.02
339 Magnolia Rd, Jackson, MS 39209	$75,000	4/—	1,434	0.02
344 Magnolia Rd, Jackson, MS 39209	$62,000	—/—	1,211	0.03
350 Magnolia Rd, Jackson, MS 39209	$62,000	—/—	1,204	0.03
357 Magnolia Rd, Jackson, MS 39209	$84,000	—/—	1,778	0.03
Magnolia Rd, Jackson, MS 39209	$58,000	—/—	1,058	0.04
342 Melba Hill Dr, Jackson, MS 39209	$80,000	—/—	1,435	0.04
336 Melba Hill Dr, Jackson, MS 39209	$65,000	3/2	1,185	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.