Business HoursMon-Fri: 9PM-5PM | Sat: 9AM-1PM
Offices418 HWY 90 Waveland, MS 39576
$840,000
Jackson, MS 39202
MLS# 1342987
Status: Closed
4 beds | 6300 sqft
1 / 31
Property Description
Wonderful opportunity to purchase a totally renovated 9 unit apartment building located in Downtown Jackson, MS. Located roughly 3 blocks from the State Capital Building and Downtown Jackson CBD. The property is close to Belhaven University, Milsaps University, and Baptist Hospital. Just a few minutes from University Medical Center and all the fun stuff in Fondren. Building is currently at 100% occupancy. Property has maintained 90-100% occupancy since ownership. Rents range from $900 to $1,250 per unit. There are (7) 1 bed 1 bath units, (1) 2 bed 1 bath unit, and (1) 2 bed 2 bath unit. Originally built in 1936 for the Catholic Diocese of Jackson, the building was completely renovated in 2019 and 2020. All plumbing, electrical, and HVAC was replaced. A new rubber roof and flashing was installed in 2019. All units have been updated with butcher block counter tops, stainless appliances, deep stainless sinks, commercial grade vinyl flooring, crown molding, new paint, new fixtures, new ceiling fans, mini split Mitsubishi AC/heating units. Units have all electric appliances. Units average 600+/- square feet. Two Navian 12 GAL per minute gas on demand water heaters were added along with new piping. On site laundry was added and is located on the first floor. A New Orleans style courtyard was also added and is used as a common/lounge space shared amongst tenants. Three Speed Queen commercial grade washers and dryers are provided free to tenants. They are not coin operated. Gated parking for 20+ cars was added in 2020. The entire property is gated with two automatic entry and exit gates. A FOB key card is required to enter the gate as well as the building. The property is extremely secure. A multi-unit steel USPS mailbox was also installed. Extensive outdoor lighting was added also. The property currently generates a gross income of $115,600 annually. Call listing agent for showings or more information.
Details
Documents
Address and Location Information
Parcel Number: 39-13
Directions to Property: On Fortifiation St headed west. Pass over State St. Left on Congress St. Building is .2 miles ahead on left.
Street Number: 814
Street Direction: N
Street Name: Congress
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39202
Subdivision: Belhaven/Belhaven Heights
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-08-02
List Price: $899,900
Current Price: $840,000
General Property Information
New Construction: No
# of Units Included in Sale: 9
Approx Lot Size Acres: 1.2
Lot Size Dimensions: 80' x 160'
SqFt Source: Appraiser
List Price/SqFt: 142.84
Year Built Source: Other
Total Floors: 2
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: No
Complex Name: Congress at Barksdale Apts
Approx H/C SqFt: 6300
Year Built: 1936
Bedrooms Total: 4
Bathrooms Full: 10
Tax and Financial Information
Tax Annual Amount: 5800
Tax Year: 2020
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Leasehold Fee Increase: No
Association: No
Covenants Y/N: No
Legal Description: 80 FT E/S N CONGRESS ST X 160 FT E & W N OF HORNE S OF SHIELDS IN 10 A LOT 9 N J
Remarks & Miscellaneous
Public Remarks: Wonderful opportunity to purchase a totally renovated 9 unit apartment building located in Downtown Jackson, MS. Located roughly 3 blocks from the State Capital Building and Downtown Jackson CBD. The property is close to Belhaven University, Milsaps University, and Baptist Hospital. Just a few minutes from University Medical Center and all the fun stuff in Fondren. Building is currently at 100% occupancy. Property has maintained 90-100% occupancy since ownership. Rents range from $900 to $1,250 per unit. There are (7) 1 bed 1 bath units, (1) 2 bed 1 bath unit, and (1) 2 bed 2 bath unit. Originally built in 1936 for the Catholic Diocese of Jackson, the building was completely renovated in 2019 and 2020. All plumbing, electrical, and HVAC was replaced. A new rubber roof and flashing was installed in 2019. All units have been updated with butcher block counter tops, stainless appliances, deep stainless sinks, commercial grade vinyl flooring, crown molding, new paint, new fixtures, new ceiling fans, mini split Mitsubishi AC/heating units. Units have all electric appliances. Units average 600+/- square feet. Two Navian 12 GAL per minute gas on demand water heaters were added along with new piping. On site laundry was added and is located on the first floor. A New Orleans style courtyard was also added and is used as a common/lounge space shared amongst tenants. Three Speed Queen commercial grade washers and dryers are provided free to tenants. They are not coin operated. Gated parking for 20+ cars was added in 2020. The entire property is gated with two automatic entry and exit gates. A FOB key card is required to enter the gate as well as the building. The property is extremely secure. A multi-unit steel USPS mailbox was also installed. Extensive outdoor lighting was added also. The property currently generates a gross income of $115,600 annually. Call listing agent for showings or more information.
Status Change Info
Appraised SqFt: 6300
Sold Price/SqFt: 133.33
Contract Date/Pending Date: 2021-10-04
Closing Date: 2021-12-03
Income & Expenses
Annual Net Income: 87740
Gross Operating Income: 115800
Onsite Management: 0
Total Operating Expenses: 28060
Architectural Style
Traditional: 1
Lot Features
Landscaped: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Contract: 1
Conventional: 1
Other: 1
Waterfront Features
Waterfront: No
None: 1
Showing Requirements
Showing: Appointment Required
Interior Features
High Ceilings: 1
Utilities
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Furnished
Partially: 1
Security Features
Smoke Detector(s): 1
Cooling
Central Air: 1
Other: 1
Heating
Central: 1
Natural Gas: 1
Other: 1
Foundation Details
Conventional: 1
Exterior Construction/Siding
Brick: 1
Roof
Asphalt Shingle: 1
Rubber: 1
Exterior Features
Gas Grill: 1
Patio And Porch Features
Deck: 1
Patio: 1
Porch: 1
Fencing
Chain Link: 1
Full: 1
Gate: 1
Security: 1
Wood: 1
Wrought Iron: 1
Basement Features
Basement: No
Lot Size Range
1 to 5 Acres: 1
Uncovered Parking?
1-25 Spaces: 1
Unit 1
Bedrooms: 1
Full Baths: 1
Number of Rooms: 3
Rent: 1050
Leased: Yes
Occupied: Yes
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2
Bedrooms: 1
Full Baths: 1
Number of Rooms: 3
Rent: 950
Leased: Yes
Occupied: Yes
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3
Bedrooms: 1
Full Baths: 1
Number of Rooms: 4
Rent: 900
Leased: Yes
Occupied: Yes
Unit 3 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 4
Bedrooms: 1
Full Baths: 1
Number of Rooms: 4
Rent: 1050
Leased: Yes
Occupied: Yes
Unit 4 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Traditional
Lot Features: Landscaped
Levels: Two
Furnished: Partially
Interior Features: High Ceilings
Security Features: Smoke Detector(s)
Cooling: Central Air; Other
Heating: Central; Natural Gas; Other
Utilities: Electricity Available; Natural Gas Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Conventional
Listing Terms: Cash; Contract; Conventional; Other
Roof: Asphalt Shingle; Rubber
Exterior Features: Gas Grill
Patio And Porch Features: Deck; Patio; Porch
Fencing: Chain Link; Full; Gate; Security; Wood; Wrought Iron
Waterfront Features: None
Unit 1 Appliances: Microwave; Range; Refrigerator
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 3 Appliances: Microwave; Range; Refrigerator
Unit 4 Appliances: Microwave; Range; Refrigerator
Lot Size Range: 1 to 5 Acres
TENANTS & LEASE TERMS 
Listing Office: Right Size Realty, LLC
Listing Agent: Andrew Tyre
Last Updated: December - 05 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$840,000
Jackson, MS 39202
MLS# 1342987
Status: Closed
4 beds | 6300 sqft
1 / 31
Property Description
Wonderful opportunity to purchase a totally renovated 9 unit apartment building located in Downtown Jackson, MS. Located roughly 3 blocks from the State Capital Building and Downtown Jackson CBD. The property is close to Belhaven University, Milsaps University, and Baptist Hospital. Just a few minutes from University Medical Center and all the fun stuff in Fondren. Building is currently at 100% occupancy. Property has maintained 90-100% occupancy since ownership. Rents range from $900 to $1,250 per unit. There are (7) 1 bed 1 bath units, (1) 2 bed 1 bath unit, and (1) 2 bed 2 bath unit. Originally built in 1936 for the Catholic Diocese of Jackson, the building was completely renovated in 2019 and 2020. All plumbing, electrical, and HVAC was replaced. A new rubber roof and flashing was installed in 2019. All units have been updated with butcher block counter tops, stainless appliances, deep stainless sinks, commercial grade vinyl flooring, crown molding, new paint, new fixtures, new ceiling fans, mini split Mitsubishi AC/heating units. Units have all electric appliances. Units average 600+/- square feet. Two Navian 12 GAL per minute gas on demand water heaters were added along with new piping. On site laundry was added and is located on the first floor. A New Orleans style courtyard was also added and is used as a common/lounge space shared amongst tenants. Three Speed Queen commercial grade washers and dryers are provided free to tenants. They are not coin operated. Gated parking for 20+ cars was added in 2020. The entire property is gated with two automatic entry and exit gates. A FOB key card is required to enter the gate as well as the building. The property is extremely secure. A multi-unit steel USPS mailbox was also installed. Extensive outdoor lighting was added also. The property currently generates a gross income of $115,600 annually. Call listing agent for showings or more information.
Details
Documents
Address and Location Information
Parcel Number: 39-13
Directions to Property: On Fortifiation St headed west. Pass over State St. Left on Congress St. Building is .2 miles ahead on left.
Street Number: 814
Street Direction: N
Street Name: Congress
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39202
Subdivision: Belhaven/Belhaven Heights
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-08-02
List Price: $899,900
Current Price: $840,000
General Property Information
New Construction: No
# of Units Included in Sale: 9
Approx Lot Size Acres: 1.2
Lot Size Dimensions: 80' x 160'
SqFt Source: Appraiser
List Price/SqFt: 142.84
Year Built Source: Other
Total Floors: 2
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: No
Complex Name: Congress at Barksdale Apts
Approx H/C SqFt: 6300
Year Built: 1936
Bedrooms Total: 4
Bathrooms Full: 10
Tax and Financial Information
Tax Annual Amount: 5800
Tax Year: 2020
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Leasehold Fee Increase: No
Association: No
Covenants Y/N: No
Legal Description: 80 FT E/S N CONGRESS ST X 160 FT E & W N OF HORNE S OF SHIELDS IN 10 A LOT 9 N J
Remarks & Miscellaneous
Public Remarks: Wonderful opportunity to purchase a totally renovated 9 unit apartment building located in Downtown Jackson, MS. Located roughly 3 blocks from the State Capital Building and Downtown Jackson CBD. The property is close to Belhaven University, Milsaps University, and Baptist Hospital. Just a few minutes from University Medical Center and all the fun stuff in Fondren. Building is currently at 100% occupancy. Property has maintained 90-100% occupancy since ownership. Rents range from $900 to $1,250 per unit. There are (7) 1 bed 1 bath units, (1) 2 bed 1 bath unit, and (1) 2 bed 2 bath unit. Originally built in 1936 for the Catholic Diocese of Jackson, the building was completely renovated in 2019 and 2020. All plumbing, electrical, and HVAC was replaced. A new rubber roof and flashing was installed in 2019. All units have been updated with butcher block counter tops, stainless appliances, deep stainless sinks, commercial grade vinyl flooring, crown molding, new paint, new fixtures, new ceiling fans, mini split Mitsubishi AC/heating units. Units have all electric appliances. Units average 600+/- square feet. Two Navian 12 GAL per minute gas on demand water heaters were added along with new piping. On site laundry was added and is located on the first floor. A New Orleans style courtyard was also added and is used as a common/lounge space shared amongst tenants. Three Speed Queen commercial grade washers and dryers are provided free to tenants. They are not coin operated. Gated parking for 20+ cars was added in 2020. The entire property is gated with two automatic entry and exit gates. A FOB key card is required to enter the gate as well as the building. The property is extremely secure. A multi-unit steel USPS mailbox was also installed. Extensive outdoor lighting was added also. The property currently generates a gross income of $115,600 annually. Call listing agent for showings or more information.
Status Change Info
Appraised SqFt: 6300
Sold Price/SqFt: 133.33
Contract Date/Pending Date: 2021-10-04
Closing Date: 2021-12-03
Income & Expenses
Annual Net Income: 87740
Gross Operating Income: 115800
Onsite Management: 0
Total Operating Expenses: 28060
Architectural Style
Traditional: 1
Lot Features
Landscaped: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Contract: 1
Conventional: 1
Other: 1
Waterfront Features
Waterfront: No
None: 1
Showing Requirements
Showing: Appointment Required
Interior Features
High Ceilings: 1
Utilities
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Furnished
Partially: 1
Security Features
Smoke Detector(s): 1
Cooling
Central Air: 1
Other: 1
Heating
Central: 1
Natural Gas: 1
Other: 1
Foundation Details
Conventional: 1
Exterior Construction/Siding
Brick: 1
Roof
Asphalt Shingle: 1
Rubber: 1
Exterior Features
Gas Grill: 1
Patio And Porch Features
Deck: 1
Patio: 1
Porch: 1
Fencing
Chain Link: 1
Full: 1
Gate: 1
Security: 1
Wood: 1
Wrought Iron: 1
Basement Features
Basement: No
Lot Size Range
1 to 5 Acres: 1
Uncovered Parking?
1-25 Spaces: 1
Unit 1
Bedrooms: 1
Full Baths: 1
Number of Rooms: 3
Rent: 1050
Leased: Yes
Occupied: Yes
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2
Bedrooms: 1
Full Baths: 1
Number of Rooms: 3
Rent: 950
Leased: Yes
Occupied: Yes
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3
Bedrooms: 1
Full Baths: 1
Number of Rooms: 4
Rent: 900
Leased: Yes
Occupied: Yes
Unit 3 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 4
Bedrooms: 1
Full Baths: 1
Number of Rooms: 4
Rent: 1050
Leased: Yes
Occupied: Yes
Unit 4 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Traditional
Lot Features: Landscaped
Levels: Two
Furnished: Partially
Interior Features: High Ceilings
Security Features: Smoke Detector(s)
Cooling: Central Air; Other
Heating: Central; Natural Gas; Other
Utilities: Electricity Available; Natural Gas Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Conventional
Listing Terms: Cash; Contract; Conventional; Other
Roof: Asphalt Shingle; Rubber
Exterior Features: Gas Grill
Patio And Porch Features: Deck; Patio; Porch
Fencing: Chain Link; Full; Gate; Security; Wood; Wrought Iron
Waterfront Features: None
Unit 1 Appliances: Microwave; Range; Refrigerator
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 3 Appliances: Microwave; Range; Refrigerator
Unit 4 Appliances: Microwave; Range; Refrigerator
Lot Size Range: 1 to 5 Acres
Listing Office: Right Size Realty, LLC
Listing Agent: Andrew Tyre
Last Updated: December - 05 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.