Duplex Unit for
For Sale
Contact for pricing
Pending
2114 Thousand Oaks Drive A, Jackson, MS 39212
This two-bedroom, one-bath residence has been stripped to its framing and is offered in its current condition.
Property Size1,099 SF
Days on Market32
Property Features for 2114 Thousand Oaks Drive A
General Information
Standard status
Pending
Size
1,099 SF
Property subtype
Duplex
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$863
Building Details
Building Size
1,099 SF
Year Built
1980
Listing Agency:
Nix-Tann & Associates, Inc.
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Source:
Highlandrealtyms
Added: Sep 28
Changed: Oct 27
Last Checked: Oct 27 at 4:25AM
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 Nix-Tann & Associates, Inc.
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Investment Insights
Based on property information with market context.
A 1,099-square-foot residence forming one side of a duplex, this property has two bedrooms and one bathroom. Built in 1980, the interior has been taken back to the studs, leaving the space ready for reconstruction. The property is being sold as-is.
Key Highlights
- One side of a duplex
- Two bedrooms and one bathroom
- 1,099 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,760
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,200
$135.2K
Cap Rate 7%
$96,571
$96.6K
Cap Rate 9%
$75,111
$75.1K
Market Conditions
NOI Build-Up for 1,099 SF
Gross rent
$13.2K $12.00/SF
− Vacancy
−$897 −$0.82/SF
EGI
$12.3K $11.18/SF
− OpEx
−$5.5K −$5.03/SF
NOI
$6.8K $6.15/SF
Area
Jackson, MS
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,200
Cap Rate 7%
$96,571
Cap Rate 9%
$75,111
Alternative Uses
Best Use
Apartment 5plus
$96.6K
$84.5K – $112.7K
NOI $6,760 @ 7.0% cap · market cap 33.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.3K
$164.8K – $219.7K
NOI $13,183 @ 7.0% cap · market cap 66.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom, one-bath residence has been stripped to its framing and is offered in its current condition.
Where is this residential income property located?
The property is located at 2114 Thousand Oaks Drive A Jackson, MS.
What are key features of this property?
This property features: One side of a duplex; Two bedrooms and one bathroom; 1,099 square feet
