101545 . 5 Home SFR Jackson, MS

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Address: 101545 . 5 Home SFR Jackson, MS
Created date: January 23, 2024
Date last updated: May 16, 2024
  • 5 Homes scattered through Jackson, MS
  • Asset types include single-family detached
  • All homes renovated during turns
  • Professional property management in place
  • Average size home is 1,446 square feet
  • Homes were constructed between 2006- 2007
  • Average monthly rent of $1,445 is 30% below current market rents
  • Portfolio is 100% occupied with fully vetted tenants
  • All SVN® Offices Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Property Description

Contact: TOM JOHNSTON Managing Director | Designated Broker SVN | SFRhub Marketplace T: 602.441.5354 C: 602.403.3695 [email protected] License #: BR507919000 BOR: SVN I Toomey Property Advisors Justin Toomey Managing Director Visit www.SFRhub.com and search for portfolio 101545 for more information. SVN | SFRhub Marketplace is pleased to offer qualified investors the opportunity to purchase a portfolio of 5 scattered homes in Jackson, MS. This portfolio is a great opportunity for an investor to scale immediately in a growing tertiary market, which consists of (5) 3-bedroom single-family detached homes. The portfolio has an average vintage of 2007 and is 100% leased to fully vetted tenants. The homes were built in 2006/2007, are maintained in excellent condition, and can be found in the more affluent part of Jackson. Homes are clustered providing property management with greater efficiencies. The dwellings range in size from 1419 – 1500 square feet with an average of 1446 square feet. With an average monthly rental rate of $1,445, the investor can make an immediate impact by raising rents which are 30% below current market rents of $1,577. The asking price of each home is $220,000 which makes up 25% of the housing market and homes have appreciated 31.57% over the last 10 years according to Neighborhood Scout. With a population of 149,761 and 61,942 total housing units (homes and apartments), and a median house value of $99,107, house prices in Jackson are some of the most affordable in Mississippi as well as the nation. This portfolio is priced to sell with a Year 1 stabilized cap rate of 6.15% and a gross yield of 10.08%. This will be achieved through raising rental rates.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,100,000
No. of Units: 5
Year Built: 2007
Lot Size: 1.08 Sq ft
Opportunity Zone: No
Price per unit: $220,000
Property Website Click Here
Address: 101545 . 5 Home SFR Jackson, MS, Jackson, MS, MS 39208, USA
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