Log In/Sign Up
Your email has been sent.
1636 Raymond Rd
Jackson, MS 39204
Chapel Ridge of Jackson · Multifamily Property For Sale
·
144 Units
Investment Highlights
- 144-unit multifamily community built in 2005 with multiple two-story buildings.
- Currently 0% occupied, providing a full-scale value-add investment opportunity.
- Composite shingle roofing and existing construction allow for efficient renovation planning.
- Located on Raymond Road in Jackson, MS, offering easy access to I-55 and major city routes.
- Situated in Hinds County near retail, schools, and employment hubs.
- Positioned within a growing metro area with strong connectivity to regional markets.
Executive Summary
Chapel Ridge Apartments presents a significant value-add opportunity in Jackson, Mississippi. This 144-unit multifamily property, built in 2005, is currently vacant, offering investors a chance to reposition and stabilize the asset for long-term returns. The property spans multiple two-story buildings with composite shingle roofing and is situated on Raymond Road, providing convenient access to major thoroughfares and surrounding residential neighborhoods.
Located in Hinds County, the site benefits from proximity to Interstate 55 and key employment centers in Jackson. The area offers strong connectivity to retail, schools, and healthcare facilities, making it attractive for future tenants. With existing infrastructure and fair condition, the property is well-suited for renovation and modernization to capture rental demand in the region.
Located in Hinds County, the site benefits from proximity to Interstate 55 and key employment centers in Jackson. The area offers strong connectivity to retail, schools, and healthcare facilities, making it attractive for future tenants. With existing infrastructure and fair condition, the property is well-suited for renovation and modernization to capture rental demand in the region.
Property Facts
| Price Per Unit | $19,097 | Building Class | F |
| Sale Type | Investment | Lot Size | 9.00 AC |
| Sale Condition | High Vacancy Property | Building Size | 139,176 SF |
| No. Units | 144 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 2.15/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R-2 - Medium Density Residential | ||
| Price Per Unit | $19,097 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 9.00 AC |
| Building Size | 139,176 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.15/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- High Speed Internet Access
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Fitness Center
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 673 |
| 2+2 | 72 | - | 912 |
| 3+2 | 48 | - | 1,085 |
| 4+2 | 8 | - | 1,333 |
Property Taxes
| Parcel Number | 0833-0340-001 | Improvements Assessment | $548,094 |
| Land Assessment | $44,105 | Total Assessment | $592,199 |
Property Taxes
Parcel Number
0833-0340-001
Land Assessment
$44,105
Improvements Assessment
$548,094
Total Assessment
$592,199
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
