1021 Raymond Road, Jackson, MS 39204
$342,500
Property Type:
Commercial Sale
Bedrooms:
72
Square Footage:
31,808
Lot Size (sq. ft.):
82,764
Status:
Closed
Current Price:
$475,000
List Date:
6/14/2015
Last Modified:
11/19/2024
Description
35-unit apartment complex. Occupancy is down from 96% in May due to management company issues. Owner put new management company in place on August 24. Improvements include new roofs on all but four buildings. Ten of the vacant units are ready to rent, 7 units need minor rehab, 3 units need major rehab, 1 unit is being converted to storage, and parking lot needs new surface. Complex was originally 16 1-1 units w/567 SF and 28 2-1.5 units w/812 SF, but some units have been combined into larger units. Now has 2 1BR-1Ba units, 7 3BR-2Ba units, 24 2BR-2.5Ba townhome units, and 2 4BR-2.5Ba units. Several tenants are on HUD rental programs. Lots of upside to this complex.
More Information MLS# 1276308
Address and Location Information
Parcel Number: 631-18
Directions to Property: From I-20, take Ellis Avenue south to Raymond Road, then right on Raymond Road, property is 1/2 mile on the left.
Street Number: 1021
Street Name: Raymond
Street Suffix: Road
County: Hinds
State: MS
Zip Code: 39204
Location
City Street: 1
Freestanding: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2015-06-14
List Price: $475,000
Current Price: $342,500
Property Sub Type: Apartment
General Property Information
Property Sub Type: Apartment
Approx Lot Size Acres: 1.9
Lot Size Dimensions: 261x309x260x324
List Price/SqFt: 14.93
Total Floors: 2
Bathrooms Half: 28
Approx H/C SqFt: 31808
Year Built: 1967
Bedrooms Total: 72
Bathrooms Full: 44
Tax and Financial Information
Flood Insurance Required?: No
Legal Description: Metes and bounds - approximately 1.9 acres
Complex Name: Wingfield Townhomes
Remarks & Miscellaneous
Public Remarks: 35-unit apartment complex. Occupancy is down from 96% in May due to management company issues. Owner put new management company in place on August 24. Improvements include new roofs on all but four buildings. Ten of the vacant units are ready to rent, 7 units need minor rehab, 3 units need major rehab, 1 unit is being converted to storage, and parking lot needs new surface. Complex was originally 16 1-1 units w/567 SF and 28 2-1.5 units w/812 SF, but some units have been combined into larger units. Now has 2 1BR-1Ba units, 7 3BR-2Ba units, 24 2BR-2.5Ba townhome units, and 2 4BR-2.5Ba units. Several tenants are on HUD rental programs. Lots of upside to this complex.
Status Change Info
Sold Price/SqFt: 10.77
Contract Date/Pending Date: 2015-12-10
Closing Date: 2015-12-10
Business Type
General Business: 1
Sewer
Public Sewer: 1
Commercial Features
Frontage Feet: 261
Water Source
Public: 1
Listing Terms
Cash: 1
Electricity Features
Circuit Breakers: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Cooling
Central Air: 1
Heating
Central: 1
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Frame: 1
Roof
Metal: 1
Parking Features
Paved: 1
Lighting
Incandescent: 1
Available Documents
None: 1
Lot Size Range
1 to 5 Acres: 1
Property Features
Business Type: General Business
Electricity Features: Circuit Breakers
Location: City Street; Freestanding
Lighting: Incandescent
Flooring: Carpet; Ceramic Tile
Cooling: Central Air
Heating: Central; Electric
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Cash
Roof: Metal
Parking Features: Paved
Available Documents: None
Lot Size Range: 1 to 5 Acres
Listing Office:
Appraisal Research Company
Listing Agent:
Joe W Parker
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.