621 Houston Ave Jackson, MS 39209

Building Details

Year Built

1967

Listing Agency Newmark - Birmingham

Listed by Sarah Nee · License #000150532

Source Crexi

Added: Mar 16 Checked: Jul 17 at 9:24 am

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Investment Insights

Based on property information with market context.

This multifamily property is offered through a lender-directed sale, presenting a potential acquisition opportunity. Approximately $3.1 million, or nearly $23,000 per unit, has been invested in capital improvements, primarily focused on asset preservation. There is an opportunity to implement renovations and operational improvements to potentially achieve average rents of approximately $900.

Key Highlights

• Lender‑directed sale: acquire at an attractive basis.
• Approximately $3.1 million invested in capital improvements, primarily for asset preservation.
• Opportunity to implement renovations and operational improvements.

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FAQs

What type of property is this?

Apartment building - Multifamily property with significant capital improvements and renovation potential.

Where is this apartment building located?

The property is located at 621 Houston Ave Jackson, MS.

What are key features of this property?

This property features: Lender‑directed sale: acquire at an attractive basis.; Approximately $3.1 million invested in capital improvements, primarily for asset preservation.; Opportunity to implement renovations and operational improvements.