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Westwood Apartments 3150 Robinson Rd 96 Unit Apartment Building $4,300,000 ($44,792/Unit) Jackson, MS 39209
Investment Highlights
- Value-Add Multifamily Investment
- Great Amenities
- Seller Spent Over$1,000,000 in improvements
Executive Summary
Introducing a prime opportunity for Multifamily / Low-Rise/Garden investors in the Jackson, MS area. Westwood
Apartments are currently 58% occupied; however, owners have spent well over $1,000,000 in improvements in the past
18 months and the occupancy rate has been increasing on a monthly basis. The is a great opportunity for the next
buyer to come in and continue leasing until property is stabilized.
Apartments are currently 58% occupied; however, owners have spent well over $1,000,000 in improvements in the past
18 months and the occupancy rate has been increasing on a monthly basis. The is a great opportunity for the next
buyer to come in and continue leasing until property is stabilized.
Property Facts
| Price | $4,300,000 | Building Class | C |
| Price Per Unit | $44,792 | Lot Size | 6.62 AC |
| Sale Type | Investment | Building Size | 129,130 SF |
| No. Units | 96 | Average Occupancy | 54% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | ||
| Zoning | Multifamily Residential - Zoning is by City of Jackson | ||
| Price | $4,300,000 |
| Price Per Unit | $44,792 |
| Sale Type | Investment |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.62 AC |
| Building Size | 129,130 SF |
| Average Occupancy | 54% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | Multifamily Residential - Zoning is by City of Jackson |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Heating
- Kitchen
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 683 - 725 |
| 2+1 | 1 | - | 1,184 |
| 2+1.5 | 8 | - | 850 - 1,080 |
| 2+2 | 47 | - | 1,088 |
| 3+2 | 8 | - | 1,170 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0629-0005-001 | Improvements Assessment | $203,672 |
| Land Assessment | $32,732 | Total Assessment | $236,404 |
Property Taxes
Parcel Number
0629-0005-001
Land Assessment
$32,732
Improvements Assessment
$203,672
Total Assessment
$236,404
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Westwood Apartments | 3150 Robinson Rd
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