$640,000
SOLD FEB 11, 2025
Last list price
45 Beds
45 Baths
42,124 Sq Ft
1.84 Acres

Recently Sold

$15 Per Sq Ft

514 Days on Market

Highlights

  • 1.84 Acre Lot
  • No HOA
  • Uncovered Courtyard

About This Home

As of February 2025

Welcome to an exciting investment opportunity! This 46-unit apartment complex is located in Jackson MS on nearly 2 acres, offering a lucrative venture for seasoned investors. The apartment complex offers three different layouts for the 1/1-bedroom (16 units) and 2/1 bedrooms/baths townhouses (29 units). Although renovations have begun on the flats, the townhouses are in need of complete renovations, allowing you to customize and modernize them according to your vision and the demands of the market. The convenient location is in proximity to local amenities, schools, and hospitals! To add to an already attractive opportunity, there is a potential laundry facility for sale next door. Contact us today to schedule a viewing and acquire this future income-generating duo!

Last Agent to Sell the Property

Kara Washington

Legacy Real Estate License #B22997 Listed on: 08/04/2024

Last Buyer's Agent

Kara Washington

Legacy Real Estate License #B22997 Listed on: 08/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,768

Year Built

  • Built in 1967

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 42,124 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 45 Bedrooms
  • 45 Full Bathrooms

Schools

  • Bates Elementary School
  • Cardoza Middle School
  • Forest Hill High School

Additional Features

  • Uncovered Courtyard
  • 1.84 Acre Lot

Community Details

  • No Home Owners Association
  • 46 Units
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 631-18

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,768

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Structure Type: Multi Family
  • Year Built: 1967
  • Lot Size Acres: 1.84
  • Subdivision Name: Metes And Bounds
  • New Construction: No
  • Remarks Miscellaneous:Agent Remarks: Buyer & Buyer's Agent to Verify All All units are vacant. The townhouses (back units) have been gutted to prepare for renovations. Property has been off market for the last 6 months. Lender is prepared to accept short sale.
  • General Property Information:List PriceSqFt: 15.19
  • General Property Information:New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 45
  • Total Bedrooms: 45
  • Furnished: Yes
  • Owner Pays: Water
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Uncovered Courtyard
  • Foundation Details: Slab
  • Roof: Metal
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick
  • General Property Information:Accessibility Features: No
  • Waterfront Features:None7: Yes
  • Exterior Features:Uncovered Courtyard: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public
  • Heating:Other18: Yes

Association/Amenities

  • Tax and Financial Information:Association: No

Schools

  • Elementary School: Bates
  • High School: Forest Hill
  • Middle Or Junior School: Cardoza Middle

Lot Info

  • Parcel #: 631-18
  • Lot Size Sq Ft: 80150.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4768.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 46

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2025 02/11/25 Sold -- -- --
10/31/2024 10/31/24 Pending -- -- --
08/04/2024 08/04/24 Price Changed $640,000 0.0% $15 / Sq Ft
08/04/2024 08/04/24 For Sale $640,000 -1.5% $15 / Sq Ft
07/29/2024 07/29/24 Off Market -- -- --
04/25/2024 04/25/24 Price Changed $650,000 0.0% $15 / Sq Ft
04/25/2024 04/25/24 For Sale $650,000 -40.9% $15 / Sq Ft
10/12/2023 10/12/23 Off Market -- -- --
09/12/2023 09/12/23 Pending -- -- --
06/04/2023 06/04/23 For Sale $1,100,000 +185.7% $26 / Sq Ft
02/23/2012 02/23/12 Sold -- -- -- View Prior Sale
02/20/2012 02/20/12 Pending -- -- --
12/19/2011 12/19/11 For Sale $385,000 -- $152 / Sq Ft
Source: MLS United

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS United

MLS Number: 4049391

MLS United

APN: 0631 0018 000