Alexander St., Baker St., N West St., Manship St., Livingston St

Multi-Family: Low-Rise
Pending

Alexander St., Baker St., N West St., Manship St., Livingston St, JacksonMS 39202

Property Details

Location

Address
Alexander St., Baker St., N West St., Manship St., Livingston St, JacksonMS 39202
County
Hinds
Submarket

Building Size

Building Size
Rentable Space
49,351 SF

Building Details

Type
 Multi-Family: Low-Rise  
 Pending
Number of Buildings
Number of Units
41
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
RESIDENTIAL
Lot Depth
Lot Width

Contacts

Current Listings

Midtown Rental Portfolio

49,351 SF$1,875,000
Cap Rate: 9.3%

Midtown Rental Portfolio is a mix of well kept Single Family and Multifamily housing near downtown Jackson, MS.

The location of the properties is positioned to cater to a wide range of 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. The properties are also within walking distance to Millsaps College and Baptist Hospital.

The properties are located in an Opportunity Zone. A total of 41 units are included in the portolio and are located in the Midtown area of Jackson on Alexander Street, Baker Street, North West Street, Manship Street and Livingston St.

Walk-through videos of the units will be available in a document vault.

There are currently 2 houses that are unrentable and in need of renovations. It is

estimated the cost to repair these houses is $10,000 - $15,000 per house.

Midtown Rental Portfolio is a mix of well kept Single Family and Multifamily housing near downtown Jackson, MS.

The location of the properties is positioned to cater to a wide range of 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. The properties are also within walking distance to Millsaps College and Baptist Hospital.

The properties are located in an Opportunity Zone. A total of 41 units are included in the portolio and are located in the Midtown area of Jackson on Alexander Street, Baker Street, North West Street, Manship Street and Livingston St.

Walk-through videos of the units will be available in a document vault.

There are currently 2 houses that are unrentable and in need of renovations. It is

estimated the cost to repair these houses is $10,000 - $15,000 per house.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: MSCREX

More Information

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