Multifamily
For Sale
$150,000
105 Jackson Ave, Petal, MS 39465
Each unit has two bedrooms and one bathroom, and the property is offered in as-is condition.
Property Size1,525 SF
Price / SF$98.36
Days on Market9
Property Features for 105 Jackson Ave
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
Real Broker, LLC.
Listed By:
Braden Witcher · License #53478
(601) 672-3887
Source:
Propertiesnorthms
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 16 at 9:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC.
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Investment Insights
Based on property information with market context.
Built in 1980, this 1,525-square-foot multifamily property has two bedrooms and one bathroom in each unit. The property is being sold as-is.
The address is near Main Street in Petal, with proximity to downtown.
The address is near Main Street in Petal, with proximity to downtown.
Key Highlights
- Each unit features 2 bedrooms and 1 bathroom
- 1,525 square feet
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,528
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,560
$170.6K
Cap Rate 7%
$121,829
$121.8K
Cap Rate 9%
$94,756
$94.8K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$16.8K $11.04/SF
− Vacancy
−$1.3K −$0.87/SF
EGI
$15.5K $10.17/SF
− OpEx
−$7.0K −$4.58/SF
NOI
$8.5K $5.59/SF
Area
Forrest County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,560
Cap Rate 7%
$121,829
Cap Rate 9%
$94,756
Alternative Uses
Best Use
Apartment 5plus
$121.8K
$106.6K – $142.1K
NOI $8,528 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,568 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 39465, MS
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each unit has two bedrooms and one bathroom, and the property is offered in as-is condition.
Where is this multifamily property located?
The property is located at 105 Jackson Ave Petal, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Each unit features 2 bedrooms and 1 bathroom; 1,525 square feet; Built in 1980
