1636 Raymond Rd
- 144 Units | Garden-Style Multifamily Community
- 18 Buildings (Including Clubhouse)
- Built in 2005
- Situated on ±9 Acres
- Two-Story Construction
- Value-Add Opportunity with Renovation Upside
Property Description
Chapel Ridge Apartments presents a compelling value-add multifamily investment opportunity in the Jackson market. Situated on approximately 9 acres along Raymond Road, this 144-unit community offers a diverse unit mix designed to serve a broad tenant base, including individuals, families, and workforce housing demand. Constructed in 2005, the property consists of 18 buildings, including a leasing office/clubhouse, and features a two-story garden-style layout. While the asset requires renovation and restoration, it provides investors with the opportunity to reposition the property and enhance operational performance through targeted capital improvements and professional management. With strong fundamentals, scale, and existing amenities, Chapel Ridge is well-positioned for a strategic investor seeking to unlock value through renovation, lease-up, and improved efficiencies.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,750,000 |
| No. of Units: | 144 |
| Year Built: | 2005 |
| Lot Size: | 9.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $19,097 |
| Property Website | Click Here |
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Brokers
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Remax Professionals
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Rick Recckio
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Eamonn McConnell
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Lenders
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout