1021 Raymond Rd Road, Jackson, MS 39204
$450,000
Property Type:
Res Income Multi-Fam
Bedrooms:
45
Square Footage:
42,124
Lot Size (sq. ft.):
80,150
Status:
Closed
Current Price:
$640,000
List Date:
8/04/2024
Last Modified:
2/13/2025
Description
Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!
More Information MLS# 4049391
Address and Location Information
Parcel Number: 631-18
Community Of: N/A
Street Number: 1021
Street Name: Raymond Rd
Street Suffix: Road
County: Hinds
State: MS
Zip Code: 39204
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2023-06-03
List Price: $640,000
Current Price: $450,000
General Property Information
New Construction: No
# of Units Included in Sale: 46
Approx Lot Size Acres: 1.84
SqFt Source: Appraiser
List Price/SqFt: 15.19
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Furnished: Yes
School District: Jackson Public
Elementary School: Bates
Elementary School 2: N/A
Intermediate School: N/A
Middle or Junior School: Cardoza Middle
High School: Forest Hill
Accessibility Features: No
Approx H/C SqFt: 42124
Year Built: 1967
Bedrooms Total: 45
Bathrooms Full: 45
Tax and Financial Information
Tax Annual Amount: 4768
Tax Year: 2023
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: BEG INT E 1/2 W 1/2 SEC 7 T5N R1E & S/L
RAYMOND RD E 261 FT S 309.5 FT W 260.74 FT N 324.92 FT TO POB PT SE 1/4 SEC 7 T5N R1E LESS TO CITY FOR ST
Remarks & Miscellaneous
Public Remarks: Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!
Status Change Info
Sold Price/SqFt: 10.68
Contract Date/Pending Date: 2024-10-31
Closing Date: 2025-02-11
Structure Type
Multi Family: 1
Additional Type Details
Apartment Complex: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Conventional: 1
Waterfront Features
None: 1
Showing Requirements
Showing: Appointment Required
Utilities
Sewer Available: 1
Water Available: 1
Owner Pays
Water: 1
Furnished
Unfurnished: 1
Cooling
Other: 1
Heating
Other: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Roof
Metal: 1
Exterior Features
Uncovered Courtyard: 1
Parking Features
Parking Lot: 1
Property Features
Structure Type: Multi Family
Additional Type Details: Apartment Complex
Levels: Two
Owner Pays: Water
Furnished: Unfurnished
Cooling: Other
Heating: Other
Utilities: Sewer Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Cash; Conventional
Roof: Metal
Exterior Features: Uncovered Courtyard
Parking Features: Parking Lot
Waterfront Features: None
Listing Office:
Legacy Real Estate
Listing Agent:
Kara S Washington
Last Updated: February - 13 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.