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Westwood Apartments
3150 Robinson Rd., Jackson, MS 39209
N/A
94
87,265 SF
Multifamily
Garden/Low-Rise
Investment
3%
11.47%
2.52
98%
2
1970
0629-0005-001
-
Last Verified 9/21/2009
Listing ID 16288291
Highlights
Estate Sale- Deeply Discounted For a Quick Sale
- Includes Rented 2,000 SFH
- Qualifies for LIHTC 10 Year Chain of Title
Description
Westwood Apartments is a 94 unit garden style apartment community located in South Jackson. Westwood presents an opportunity for investors seeking upside potential from an already stable property. Due to the sudden death of the owner almost 2 years ago the property is held in an estate and is discounted for a quick close.
Westwood is located within a C' type neighborhood setting with high demand for housing. Approximately 30% of the residents are Section 8 tenants. There is a two story 2,000 SF single family home near the entrance of Westwood currently rented for $650 per month that is also included in the sale of Westwood. Additionally 2 acres in the rear of Westwood is included with Westwood.
Westwood is located in south Jackson, an area known for strong rental demand. Jackson, the state' s capitol, is the center of state government, medicine and banking. The Jackson MSA is not dominated by any single industry. Due to its diversity and large base of government sponsored jobs, Jackson' s economy provides a stable and steady growth and a strong tenant base.
Jackson' s largest employers include University of Mississippi Medical Center, Nissan North America, Saks Inc, Skytel Communications, & Delphi Automotive. In March 2009, in spite of the current economic climate, Nissan announced a $118 million dollar expansion to their plant located in Canton, which is 18 miles north of Westwood Apartments.
Map of 3150 Robinson Rd., Jackson, MS 39209 (Hinds County)
Created 6/22/2009
Additional Information for 3150 Robinson Street, Jackson, MS 39209
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 1 Historic Listing
- Sales Comparables Available - 1 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.