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City View Apartments 827 N State St 24 Unit Apartment Building For Sale Jackson, MS 39202
Investment Highlights
- Centralized Location between Belhaven and Downtown Corridor
- Near Densely Concentrated walkable retail & educational facilities
- Gated Private Parking for Tenants
- Strong Professional Tenant Base
- Frontage on North State Street in a highly desirable area
- Minutes from The University of Mississippi Medical Center, Belhaven, University, Millsaps College
Executive Summary
Madison Properties, Inc. is pleased to present City View Apartments, a fully occupied, 24-unit multi-family asset ideally positioned in the heart of Jackson's most dynamic urban corridor. This Miami Art Deco building offers a four-story, elevator-served community that represents a rare, stabilized investment opportunity with institutional-quality finishes, strong infrastructure fundamentals, and a recession-resistant tenant base driven by one of the Southeast's most powerful concentrations of healthcare, higher education, government, and professional employment.
Situated directly on N. State Street, the property is surrounded by major demand generators, including UMMC, Baptist Medical Center, Millsaps College, Mississippi College School of Law, Belhaven University, and the Mississippi State Capitol. This location provides ample convenience for professional tenants looking for an area that offers entertainment, recreational parks and trails in close proximity to work.
Situated directly on N. State Street, the property is surrounded by major demand generators, including UMMC, Baptist Medical Center, Millsaps College, Mississippi College School of Law, Belhaven University, and the Mississippi State Capitol. This location provides ample convenience for professional tenants looking for an area that offers entertainment, recreational parks and trails in close proximity to work.
Property Facts
| Sale Type | Investment | Building Size | 23,220 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1941/2019 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.51/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.46 AC | ||
| Zoning | Residential | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 23,220 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1941/2019 |
| Parking Ratio | 1.51/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 - 810 |
| 1+1.5 | 11 | - | 940 - 1,060 |
| 2+2 | 1 | - | 1,059 |
| Studios | 4 | - | 414 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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City View Apartments | 827 N State St
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