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770 Lakeland Drive - Fondren Hill, Jackson, MS

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770 Lakeland Drive - Fondren Hill

Jackson, MS 39216 - Fondren MF Submarket

Property Type:Multi-Family Number of Units:96 Status:Existing Year Built:1973
Stories:3 Building Size:76,270 SF Land Area:2.82 AC (122,839 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:2.61 Parking Spaces / 1,000 SF

Sale Notes:
Fondren Hill is a 96-unit apartment complex in a vibrant and growing of Jackson, MS. This property presents the buyer with the opportunity to acquire a marketing leading asset with additional upside. The superior location, physical condition, and operational strength provide an assurance that the property will continue to be a low cost, high grossing investment well into the future. In the late stages of the most recent apartment cycle it has become harder to find quality assets with strong in-place returns and meaningful upside in high barrier to entry markets. Fondren Hill provides just this kind of rare opportunity.

Colliers International
Brian Savage
(205) 445-0955 x544

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