700-712 N Jefferson St - Apartments FOR SALE


Jackson, MS 39202- Belhaven
$5,750,000 USD
561-427-3923
700-712 N Jefferson St, Jackson, MS for Sale
$5,750,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

700-712 N Jefferson St
Jackson, MS 39202
Belhaven


HIGHLIGHTS

  • Value-Add Opportunity , 90% Occupancy, Gated Entrance, Partially Renovated 2023, Laundry Facility & Grilling Area

OVERVIEW

Prime Investment Opportunity. The subject of this offering is three, three-story multi-family buildings, situated on approximately 2.42 acres of land. The property consists of 96 units built in 1960 and renovated in 2023. Rentable SF 75,500. Avg Unit Size 640 SF. Avg/ in-place Rent/Unit $750 plus utilities. Avg. In-Place Rent/SF $1.17

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

96

PRICE/UNIT

$59,896

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deville Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

R-5

APN/PARCEL ID

0025-0015-000

ASK ABOUT THIS PROPERTY

Laura AutenElevate Realty LLCMore Info
561-427-3923

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Laura AutenElevate Realty LLCMore Info
561-427-3923

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