700 – 712 North Jefferson Street

• Value-Add Opportunity
• Three, 3-story Buildings
• 96 Units
• 94% Occupancy
• Partially Renovated 2023
• Gated Entrance
• Laundry Facility
• Grilling Area

Property Description

The subject property is a Value-Add Opportunity consisting of three, three-story multi-family buildings originally constructed in 1960, recently renovated over the past 12 months, that contains 96 dwelling units and 75,500 SF. Building construction consists of masonry with brick veneer siding and stucco with a sloped-hip metal roof. The subject is currently 94% occupied. The complex currently has eighty-eight 1 BR / 1 BA units, and eight 2 BR / 1 BA. The improvements also contain a 1,500 square foot office area that consists of 2 converted 1 BR / 1 BA units. The subject site consists of one real estate tax parcel containing 2.42-acres of land within Belhaven, a neighborhood in the city of Jackson, Mississippi. The Property has been partially renovated consisting of parking lot repair, exterior paint, railings, gutters, site work (erosion control), and updating units. Interior updates, the interior updates include, luxury vinyl tile flooring, new lighting/paint, new countertops and bathroom upgrades.