827 N State StreetJackson, MS 39202

Description

City View Apartments, a fully occupied, 24-unit multi-family asset ideally positioned in the heart of Jackson's most dynamic urban corridor. This four-story, elevator-served community represents a rare, stabilized investment opportunity with institutional-quality finishes, strong infrastructure fundamentals, and a recession-resistant tenant base driven by one of the Southeast's most powerful concentrations of healthcare, higher education, government, and professional employment. Situated directly on N. State Street, the property is surrounded by major demand generators including UMMC, Baptist Medical Center, Millsaps College, Mississippi College School of Law, Belhaven University, and the Mississippi State Capitol. This location provides ample convenience for professional tenants looking for an area that offers entertainment, recreational parks and trails in close proximity to work. City View Apartments is a beautifully renovated, four-story mid-rise featuring 24 upgraded residential units currently at 100% occupancy. The property has been meticulously maintained and offers residents a premium urban living experience in the heart of multiple entertainment districts. Unit Interiors: Renovated units feature luxury vinyl plank (LVP) flooring and tile-wrapped shower surrounds, reflecting a thoughtful renovation program that attracts and retains quality, long-term professional tenants. Secured Parking: Tenants enjoy private gated parking with fob-controlled access — a highly valued amenity for the professional renter demographic this location commands, and a meaningful competitive differentiator in the urban core submarket. Building Systems: The property is equipped with a passenger elevator, LED lighting throughout for energy efficiency, and comprehensive security lighting. These features reduce operating expenses and enhance resident safety and satisfaction. Roof — Major Capital Item Addressed: A new roof coating was professionally applied in May 2026, backed by a 15-year unlimited warranty. This substantially reduces near-term capital expenditure risk for the incoming investor and reflects the current ownership's commitment to long-term asset preservation.

Property Information

Property type

Residential Income

Style

Contemporary

Year built

1941

Building area

23,220 Sq Ft

Lot size

0.53 acres

Days on market

116

MLS^® Listing#

4152159

Property Features

Interior

Elevator · Walk-In Closet(s)

Exterior

Private Entrance

Appliances

Cooktop · Dishwasher · Disposal · Electric Oven · Gas Cooktop · Gas Oven · Gas Range · Gas Water Heater · Oven · Refrigerator · Water Heater

Cooling

Central Air

Heating

Central · Natural Gas

Flooring

Ceramic Tile · Tile · Wood

Parking

Assigned

Fencing

Privacy · Wrought Iron · Fenced

Construction

Stucco

Foundation

Concrete Perimeter · Slab

Roof

Other

Security

Gated Community · Security System · Smoke Detector(s)

Community

Gated

Utilities

Natural Gas Available · Sewer Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Other

Middle

Other

High

Other

District

Hinds CO Dist

Financial Details

Annual taxes

$38,312Tax year 2025

Parcel number

0040-0004-025