1021 Raymond Rd
Jackson, MS 39204
Wingfield Townhomes · Multifamily Property For Sale · 35 Units

Property manager in place, massive renovations done and bad tenants are removed and let local hospitals, police depts., fire depts., students and property management companies know we have changed ownership and are bringing in a better clientele. We plan to rent a discounted unit to a local police officer and an on site maintenance worker to keep the grounds clean. We are offering rent incentives and referral programs for the newly updated units. This building at 90% occupancy at market rent and cap rate is worth 1.24M with buyers interested. It is 36 units, 25% occupied, (9/36) and 61% renovated (22/36) major rehab done and all evictions of past delinquent tenants complete. But two smaller cities led the gains in May. Houses in the Mississippi capital of Jackson are renting monthly for $1,169, a 22.7 percent yearly increase. The steadily rising costs of renting houses and apartments are creating new financial pressures for many Americans. Rental prices have grown at roughly double the rate of wages, forcing more Americans to limit their spending elsewhere or cutting into their savings. Home rental prices are climbing across much of the United States with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine. Real estate data firm Zillow said. As the market turns multi units and rentals will be stronger and stronger. Rents will increase when values drop and lending tightens up and affordable housing in rent based markets like Jackson will be on the upswing and you can get there FIRST!