714 N PRESIDENT ST Jackson, MS 39202

$590,000

1 of 11

Bedrooms

Total Baths

Full Baths

6,030

Square Feet

Acres

1950

Year Built

81 days

On Website

Active

Status

The President Street Apartments are located at 714 N President St in Jackson, MS. This vibrant area is considered to be Jackson's "Arts District." Steps from the Mississippi State Capitol, the location of the property is positioned to cater to a broad range of apartment renters being in close proximity to downtown Jackson, private colleges, a law school, major medical office buildings and 3 major hospitals. One of the hospitals is the University of Mississippi Medical Center, the state’s only academic health science center. UMMC includes seven health science schools with over 3,000 students. UMMC is one of the largest employers in Mississippi with over 10,000 employees. Throughout recent market conditions, multi-family properties such as this one have proven to be one of the most stable asset classes for investment. Consisting of eight spacious one-bedroom units, this well-built apartment complex boasts a strong occupancy history. Located in an opportunity zone, the property features a new roof, gated parking, and a large green space for tenant use. Several of the units have been updated in recent years but several afford an opportunity for upgrades and rental increases. The sale of this property presents the opportunity to acquire a highly desirable apartment building with a stabilized tenant mix and zero vacancy.

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Details


Interior
Living Area
6,030 SqFt.

Building And Construction
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1950

Utilities
Cooling
Wall Unit(s)
Heating
Space Heaters, Wall Unit

Area And Schools
City
Jackson
County Or Parish
Hinds

Additional Info
FLOOD
Flood Ins Not Req
HEAT SOURCE
Electric
MISCELLANEOUS
Dumpster
SIDING
Brick
UNIT 1 APPLIANCES
Countertop Range,dryer,refrigerator,washer
UNIT 2 APPLIANCES
Countertop Range,dryer,refrigerator,washer

Listing By Overby, Inc.

MLS# 335834

Data Last Updated 1:26am - 11/06/2020

Central Mississippi MLS

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Multiple Listing Service of Jackson. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than RE/MAX Marketplace, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2021 Multiple Listing Service of Jackson. All Rights Reserved.

Transportation

Walking

Very Walkable

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