714 N President Street, Jackson, MS 39202 (MLS# 1335834)

The President Street Apartments are located at 714 N President St in Jackson, MS. This vibrant area is considered to be Jackson's "Arts District." Steps from the Mississippi State Capitol, the location of the property is positioned to cater to a broad range of apartment renters being in close proximity to downtown Jackson, private colleges, a law school, major medical office buildings and 3 major hospitals. One of the hospitals is the University of Mississippi Medical Center, the state's only academic health science center. UMMC includes seven health science schools with over 3,000 students. UMMC is one of the largest employers in Mississippi with over 10,000 employees. Throughout recent market conditions, multi-family properties such as this one have proven to be one of the most stable asset classes for investment. Consisting of eight spacious one-bedroom units, this well-built apartment complex boasts a strong occupancy history. Located in an opportunity zone, the property features a new roof, gated parking, and a large green space for tenant use. Several of the units have been updated in recent years but several afford an opportunity for upgrades and rental increases. The sale of this property presents the opportunity to acquire a highly desirable apartment building with a stabilized tenant mix and zero vacancy.