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Willow Street Apartments 760 Willow St 46 Unit Apartment Building $1,200,000 ($26,087/Unit) Jackson, MS 39204
INVESTMENT HIGHLIGHTS
- The property is in the heart of downtown Jackson and near Jackson State University.
EXECUTIVE SUMMARY
The subject property is a Value-Add Opportunity consisting of two, 2-story multi-family buildings originally constructed in 1970, that contains 46 units and 21,715 SF. Building construction consists of masonry with brick and wood siding. The subject is currently 26.09% occupied. The complex currently has forty-two 1BR/1BA units and four 2BR/1BA. The subject site consists of .93 Acres of land near Jackson State University, in the city of Jackson, Mississippi.
The Property has undone gone recent renovations consisting of exterior repairs and updating units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new countertops and bathroom upgrades.
The Property has undone gone recent renovations consisting of exterior repairs and updating units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new countertops and bathroom upgrades.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Price | $1,200,000 | Lot Size | 0.93 AC |
| Price Per Unit | $26,087 | Building Size | 37,296 SF |
| Sale Type | Investment | Average Occupancy | 26% |
| No. Units | 46 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-5 - Multi-Family Residential District | ||
| Price | $1,200,000 |
| Price Per Unit | $26,087 |
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 37,296 SF |
| Average Occupancy | 26% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-5 - Multi-Family Residential District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 46 | - | 400 |
1 1
PROPERTY TAXES
| Parcel Number | 0170-0084-000 | Improvements Assessment | $56,916 |
| Land Assessment | $4,536 | Total Assessment | $61,452 |
PROPERTY TAXES
Parcel Number
0170-0084-000
Land Assessment
$4,536
Improvements Assessment
$56,916
Total Assessment
$61,452
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Willow Street Apartments | 760 Willow St
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