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Bridge Haven Apartments 1225 Bailey Ave 64 Unit Apartment Building For Sale Jackson, MS 39203
INVESTMENT HIGHLIGHTS
- Sixteen, 2-story Buildings
- Laundry Facility on Site
- 2.66 Acres
- 90% Occupancy
- Value-Add Opportunity
- 36,685 SF
EXECUTIVE SUMMARY
The subject property is a 36,685 SF, Value-Add Opportunity consisting of 16, two-story multi-family buildings, that contain 64 units. All 64 units are 2 BR/1BA, each building has 4 units and there is a laundry facility on-site . The complex was built in 1950 and partially renovated in 2023 and is currently 90% occupied. The subject site consists of 2.66 acres, newly fenced and gated, on Bailey Avenue between Elm Street and Ash Street in Jackson, MS.
The current owner has invested $254,549 in various improvements such as unit renovations, installation of air conditioners and water heaters, roof repairs and exterior repairs.
The property is less than two miles from University Mississippi Medical Center, Millsaps College, Belhaven University and Mississippi Baptist Medical Center. The Jackson Amtrak Station is located within a mile of the property. It services the City of New Orleans passenger rail line, which traverses from Chicago to New Orleans. There are public bus lines along Bailey Ave.
The current owner has invested $254,549 in various improvements such as unit renovations, installation of air conditioners and water heaters, roof repairs and exterior repairs.
The property is less than two miles from University Mississippi Medical Center, Millsaps College, Belhaven University and Mississippi Baptist Medical Center. The Jackson Amtrak Station is located within a mile of the property. It services the City of New Orleans passenger rail line, which traverses from Chicago to New Orleans. There are public bus lines along Bailey Ave.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 64 | Lot Size | 2.66 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1950/2023 |
| Zoning | R-4 - Single-Family Residential | ||
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 40,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2023 |
| Zoning | R-4 - Single-Family Residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Laundry Service
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 64 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 0095-0086-000 | Improvements Assessment | $75,264 |
| Land Assessment | $13,067 | Total Assessment | $88,331 |
PROPERTY TAXES
Parcel Number
0095-0086-000
Land Assessment
$13,067
Improvements Assessment
$75,264
Total Assessment
$88,331
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Bridge Haven Apartments | 1225 Bailey Ave
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