Multifamily Property with Capital
For Sale
Contact for pricing
Pending
621 Houston Ave, Jackson, MS 39209
Multifamily property with significant capital improvements and renovation potential.
Property SizeContact for details
Days on Market171
Property Features for 621 Houston Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Building Details
Year Built
1967
Units
135
Listing Agency:
Newmark - Birmingham
Listed By:
Sarah Nee · License #000150532
Source:
Crexi
Added: Mar 16
Changed: Aug 21
Last Checked: Sep 2 at 7:00AM
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 Newmark - Birmingham
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
