1636 Raymond Rd - Apartments FOR SALE


Jackson, MS 39204- South Jackson
$2,750,000 USD
601-981-6800
1636 Raymond Rd, Jackson, MS for Sale
$2,750,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1636 Raymond Rd
Jackson, MS 39204
South Jackson


HIGHLIGHTS

  • 144-unit multifamily community built in 2005 with multiple two-story buildings.
  • Located on Raymond Road in Jackson, MS, offering easy access to I-55 and major city routes.
  • Currently 0% occupied, providing a full-scale value-add investment opportunity.
  • Situated in Hinds County near retail, schools, and employment hubs.
  • Composite shingle roofing and existing construction allow for efficient renovation planning.
  • Positioned within a growing metro area with strong connectivity to regional markets.

OVERVIEW

Chapel Ridge Apartments presents a significant value-add opportunity in Jackson, Mississippi. This 144-unit multifamily property, built in 2005, is currently vacant, offering investors a chance to reposition and stabilize the asset for long-term returns. The property spans multiple two-story buildings with composite shingle roofing and is situated on Raymond Road, providing convenient access to major thoroughfares and surrounding residential neighborhoods. Located in Hinds County, the site benefits from proximity to Interstate 55 and key employment centers in Jackson. The area offers strong connectivity to retail, schools, and healthcare facilities, making it attractive for future tenants. With existing infrastructure and fair condition, the property is well-suited for renovation and modernization to capture rental demand in the region.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$20 USD /SF

# OF UNITS

144

PRICE/UNIT

$19,097

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chapel Ridge of Jackson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

300

LAND DETAILS

LAND ACRES

9 AC

LAND SF

392,040 SF

ZONING

R-2

APN/PARCEL ID

0833-0340-001

ASK ABOUT THIS PROPERTY

Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.