6300 Old Canton Rd Jackson, MS 39211
Multifamily property near major employers and downtown Jackson.
Building Details
- Year built
- 1976
Source:
Nmrk
Listing Agent: Gray Fiser
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Property Near Jackson Medical District
This multifamily property is located less than three miles from I-55, offering convenient access to Jackson’s Medical District, which has 20,000 jobs. It is also near the MS State Capital and government job sector, which has 55,000 jobs, and seven nearby colleges and universities. The property is a 15-minute drive from Jackson’s Medical District, a major economic driver for the region with four hospitals and over 20,000 employees. The medical district is home to the University of Mississippi Medical Center, one of the largest employers in the state with 10,000 employees and 3,000 students, as well as St. Dominic-Jackson Memorial Hospital, which has 3,000 employees. The property is less than ten miles from Downtown Jackson, providing options for entertainment, retail, and dining. It is six miles from Tracewood, and the Fondren District, known for its history and culturally-stimulating lifestyle. The region’s job market is supported by a large number of government and medical jobs. The Jackson MSA unemployment rate remains steadily low at 2.8%, which is less than the national average of 4.1%. The nearby Nissan Plant, Continental Tire Plant, and Amazon contribute to the economy. The property is positioned for an upgrade program to unit interiors to narrow the rental gap with competing properties. Current ownership has done partial upgrades and proven that updates will result in rent premiums. A new owner can implement a full value-add program across all units, achieving $90 rent premiums and increasing annual rental income by over $300,000.
Location Intelligence
Current Use by Public Records
Tracewood Apartments
Apartment Complex
Honeyed Cakes
Bakery
Kotic Kolors & Brows
Beautician
Jackson Party Bus ...
Limousine Service
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1104794
- Latitude
- 32.3898344
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FAQs
What type of property is this?
Apartment building - Multifamily property near major employers and downtown Jackson.
Where is this apartment building located?
The property is located at 6300 Old Canton Rd Jackson, MS.
What are key features of this property?
This property features: - Significant value-add opportunity through unit interior upgrades, proven to generate rent premiums and increase annual rental income by over $300,000.; - Located near Jackson's Medical District (20,000+ jobs), a major economic driver and source of potential residents.; - Proximity to major employers including the MS State Capital and government job sector (55,000 jobs), Nissan Plant, Continental Tire Plant, and Amazon.