1021 Raymond Rd RoadJackson, MS 39204

Description

Excellent investment opportunity featuring a 46-unit gated apartment community in Jackson on approximately 2 acres. The property includes 16 one-bedroom flats and 30 spacious two-bedroom townhomes, offering strong value-add potential with a portion of the renovation work already completed. The 16 one-bedroom units have been substantially renovated with updated interior. The 30 townhomes provide significant upside for an investor to complete renovations, increase occupancy, and improve overall rental income and property performance. Positioned along one of South Jackson's established rental corridors, the property is conveniently located near Jackson State University, major roadways, employment centers, shopping, and other area amenities. With its combination of renovated units, remaining value-add potential, and attractive price per unit, this property presents an opportunity for an investor to acquire and reposition a sizable multifamily asset with considerable long-term equity and cash-flow potential.

Property Information

Property type

Residential Income

Structure type

Multi Family

Year built

1967

Building area

42,124 Sq Ft

Lot size

1.84 acres

Days on market

53

MLS^® Listing#

4159019

Property Features

Exterior

Uncovered Courtyard

Cooling

Ceiling Fan(s) · Electric · Other

Heating

Central · Electric · None

Parking

Parking Lot

Fencing

Wood · Wrought Iron · Fenced

Construction

Brick

Foundation

Slab

Roof

Metal

Utilities

Electricity Available · Sewer Available · Water Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Bates

Middle

Cardoza Middle

High

Forest Hill

District

Jackson Public

Financial Details

Annual taxes

$4,920Tax year 2025

Parcel number

631-18