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.